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A company s debentures of the face value of Rs 1 0 0 bear an 8 per cent coupon rate. Debentures of this type currently

A companys debentures of the face value of Rs 100 bear an 8 per cent coupon rate. Debentures of this type currently yield 10 per cent. What is the market price of debentures of the company? Question 3Answer a. Rs.70 b. Rs.90 c. Rs.80 d. Rs.88

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