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Posted on Jun 07, 2024

Company C issues $ 1 0 m , 5 year, 1 0 % semi - annual coupon bonds on 3 0 June 2 0 2

Company C issues $

10

, 5

year,

10 %

semi

-

annual coupon

bonds on

30

June

2024 .

Assume that the market requires

12 %

for the debentures.

What would be the issue price?

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