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KBC co . ltd . issued a bond with Sh . 1 , 0 0 0 par value, 3 years to maturity and 1 0

KBC co

.

ltd

.

issued a bond with Sh

. 1, 000

par value,

3

years to maturity and

10 %

coupon rate. The cash flows are expected semiannually and other bonds with similar features are currently yielding

12 % .

Determine the present value of KBC co

.

ltd

. (15

marks

)

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