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Azonto Corporation issued 5-year bonds for GH60 at par to raise capital to finance some business opportunity. The bond promises 15% annual coupon rate payable

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Azonto Corporation issued 5-year bonds for GH60 at par to raise capital to finance some business opportunity. The bond promises 15% annual coupon rate payable on semi-annual basis. The yield on a comparable bond is however 13%. Assuming you invested in the bond, what price did you pay for each? At what price will you likely sell the bond after 2 years if the comparable yield increased to 16% after the second year? Azonto Corporation issued 5-year bonds for GH60 at par to raise capital to finance some business opportunity. The bond promises 15% annual coupon rate payable on semi-annual basis. The yield on a comparable bond is however 13%. Assuming you invested in the bond, what price did you pay for each? At what price will you likely sell the bond after 2 years if the comparable yield increased to 16% after the second year

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