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Lo-Flyers Ltd is issuing a 10 year $100 bond with coupon interest of 10 per cent, paid quarterly. Similar bonds have a yield to maturity

Lo-Flyers Ltd is issuing a 10 year $100 bond with coupon interest of 10 per cent, paid quarterly. Similar bonds have a yield to maturity of 12 per cent. What is the value of the Lo-Flyers bond

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