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(a) On 1 February 2001 a ban issued 10%coupon interest rate, 20 year bond with P60, 000 par value that pay interest annually. The market
(a) On 1 February 2001 a ban issued 10%coupon interest rate, 20 year bond with P60, 000 par value that pay interest annually. The market rate of interest is 10%. Calculate the value of the bond (5 marks) A Bank on 1 February 2001, issued 10% coupon interest rate, 20 year bond with a P60 000 par value that pays interest annually. The market rate of interest is 10%. Calculate the value of the bond
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