Question
MIRA Berhad has a bond issue with a coupon rate of 10% per year and maturity period of 2 years. The par value of the
MIRA Berhad has a bond issue with a coupon rate of 10% per year and maturity period of 2 years. The par value of the bond is RM1,000. What is the value of the bond based on an annual interest rate of 6% with the assumption that the bond pays interest semiannually?
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Principles Of Managerial Finance Brief
Authors: Chad J. Zutter, Scott B. Smart
8th Global Edition
1292267143, 978-1292267142
