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QUESTION 8 e) Naziri investment Ltd. currently sells bonds at $1,200 with an 11% coupon rate and $.1,000 par value. The bond agreement provides for

QUESTION 8

e) Naziri investment Ltd. currently sells bonds at $1,200 with an 11% coupon rate and

$.1,000 par value. The bond agreement provides for payment of interest on annual basis with 18 years maturity period.

Required:

The bond yield to maturity (YTM)

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