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Assume that Grott and Perrin Inc. is willing to raise 50 million in bonds (or the equivalent of this amount in foreign currencies) that mature

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Assume that Grott and Perrin Inc. is willing to raise 50 million in bonds (or the equivalent of this amount in foreign currencies) that mature in 5 years, what is the bond's price if foreign investors require a yield to maturity of 4.5% on the foreign bonds issued in their country by a foreign borrower, like Grott and Perrin Inc. (Assume the par value of the bond is $1000, annual- coupon payment = 4.3%). = Please show all the steps

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