Question
Hydraulics Ltd has an outstanding bond of coupon rate 14% The bond was issued 5 years ago with a tenure of 8 years Interest payments
Hydraulics Ltd has an outstanding bond of coupon rate 14% The bond was issued 5 years ago with a tenure of 8 years Interest payments are semi annual Face value is Rs.100 It is currently trading at Rs.108 If similar risky bonds yield a return of 12% would you suggest buying this bond (5marks)answer asap
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
10th Edition
1260013820, 978-1260013825
