[Solved] A Tanzanian Firm MAPBook SuppliesLimited

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A Tanzanian Firm MAPBook SuppliesLimited issued a 1 0 - year bondtwoyears ago at an annual coupon rate of 1 3 . 5 percent. The

A Tanzanian Firm

MAPBook SuppliesLimited issued a

10 -

year bondtwoyears ago at an annual coupon rate of

13.5

percent. The bond was issued with a yield to maturity of

15

percent. If you weretobuythebondonthemarket today, what maximumpricewouldyoubewillingtopayforit?

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