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Last year, The Harvest Time Corporation sold R 18,000,000 worth of 7.5% coupon ,15-year maturity, R 1000 par value, AAA-rated; non-callable bonds to finance its
| Last year, The Harvest Time Corporation sold R 18,000,000 worth of 7.5% coupon |
| ,15-year maturity, R 1000 par value, AAA-rated; non-callable bonds to finance its business |
| expansion. Currently, investors are demanding a yield of 8.5% on similar bonds. If you |
| own one of these bonds and want to sell it, how much money can you expect to |
| receive on it? |
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Risk Sensitive Investment Management
Authors: Mark H A Davis, Sébastien Lleo
1st Edition
9814578037, 978-9814578035
