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Jupitar Ltd is planning to issue a bond having face value of $1000. It carries coupon rate of 8% pa payable annually at the end
Jupitar Ltd is planning to issue a bond having face value of $1000. It carries coupon rate of 8% pa payable annually at the end of each year. Maturity period of the bond is 5 years. Considering the market condition and rating of the company, the bond is being issued at a discounted price of $960. Your expected rate of return is 12% pa. Would you purchase the bond?
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