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Company B issued 10 year, R10 000 par value, 12% annual coupon bonds, four years ago. The yield to maturity (YTM) on the bond is

Company B issued 10 year, R10 000 par value, 12% annual coupon bonds, four years ago. The yield to maturity (YTM) on the bond is currently quoted as 15%. At what price would you expect these bonds would be selling in the market?

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