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Consider the following bond investment: HIND Corp $1,000 bond @10% coupon interest matures in 10 years Find the fair value of the bond if the

image text in transcribed Consider the following bond investment: HIND Corp $1,000 bond @10% coupon interest matures in 10 years Find the fair value of the bond if the market interest rates are: (i) 8% (ii) 12% Explain the relationship between the fair value of the bond and the market interest rate based on the above calculation. (10 marks)

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