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A company issued a 15-year bonds with par value of P1,000 each bond. The coupon rate is 14%. The investors' required rate of return is

A company issued a 15-year bonds with par value of P1,000 each bond. The coupon rate is 14%. The investors' required rate of return is 10%. Required: Compute for the interest that the company pays annually on each bond. Answer: P

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