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Snow white Ltd issued corporate bonds three years ago with a coupon rate of 1 0 % and a nominal value of R 1 0

Snow white Ltd issued corporate bonds three years ago with a coupon rate of 10% and a nominal value of R100. The redemption date is 31 December 2029 and will be redeemable at face value. The coupon payment occurs on 31 December of each year. The current date is 1 January 2024. What is the value of each bond issued by Snow White if the bonds issued by firms of similar risk and with the same term to maturity, are currently trading on yields of 7% per year? Round amounts to two decimals, and no signage to indicate in or outflow
A.40.50
B.47.58
C. None of the above
D.49.25

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