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Assume that investors required to maturity of 10% to invest in the bonds of a firm. The bond has a face value of INR 100,

Assume that investors required to maturity of 10% to invest in the bonds of a firm. The bond has a face value of INR 100, pays of a coupon of 15% annually and will mature after 3 years? What is the price of the bond that an investor should pay?

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