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Akur plc issued a bond with a par value of 100 in July 2009, redeemable in July 2013. The coupon rate is 10% payable annually,

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Akur plc issued a bond with a par value of 100 in July 2009, redeemable in July 2013. The coupon rate is 10% payable annually, the first payment being in July 2010. What is the price investors will pay for this bond if the market rate of interest on a security in this risk class is 8%? 108.26 100.52 151.25 102.26 106.62 OO

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