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Evergrande Group issued $100 million face value bonds on January 1, 2012. The bonds carry a coupon rate of 6% with annual coupon payment.

Evergrande Group issued $100 million face value bonds on January 1, 2012. The bonds carry a coupon rate of 6% with annual coupon payment. The bond matures on January 1, 2022. b) of the 150h monthly repayment, how much will be used to pay the interest charge for the month and how much for the principal repayment? (6 marks)

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