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note please show working ( no Excel) and thank you. QUESTION 3 Raub Mining Corporation bonds carrying a coupon rate of 8.5% p.a., is selling

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note please show working ( no Excel) and thank you.

QUESTION 3 Raub Mining Corporation bonds carrying a coupon rate of 8.5% p.a., is selling for $844.40. Coupon interest payments are being paid semi-annually and the bonds will mature 15 years from today. If the current market rate is 10%, would you invest in the bond? Explain. (Use 3-decimal places in your calculation) [Total: 6 marks)

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