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On 1 July 2022, Petroleum Ltd. issues bonds of $5 000 000 at acoupon rate of 10% for five years, which pay interestsemi-annually. The market

On 1 July 2022, Petroleum Ltd. issues bonds of $5 000 000 at acoupon rate of 10% for five years, which pay interestsemi-annually. The market rate of return is 14% p.a. Interestexpense is determined 2 answers

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