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Debt capital Book value in issue ( million ) 5 0 Market price ( per 1 0 0 nominal ) 1 1 9 . 5

Debt capital
Book value in issue ( million)50
Market price ( per 100 nominal)119.50 cuminterest
Coupon (paid semiannually)6.0%
Redeemable in 12 years 3 months
Months since last interest payment 3 WHAT IS THE CLEAN BOND PRICE ?

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