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Peking Duct Tape Company has outstanding an Rs.1,000-face-value bond with a 14 percent coupon rate and 3 years remaining until final maturity. Interest payments are
Peking Duct Tape Company has outstanding an Rs.1,000-face-value bond with a 14 percent coupon rate and 3 years remaining until final maturity. Interest payments are made weekly. What value should you place on this bond if your nominal annual required rate of return is (i) 12 percent? (ii) 14 percent? (iii) 16 percent? Please do not copy from chegg otherwise i have to report the answer. Explain the answer throughly with showing each step of the calculation
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