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The bond has a face value of GH10,000 at a coupon rate of 12% and a term to maturity of 10 years. The bond expects
The bond has a face value of GH10,000 at a coupon rate of 12% and a term to maturity of 10 years. The bond expects to pay coupons annually. Included in the bond indenture are call and sinking fund provisions. The required rate of return on the market for bonds with similar features is 18% per annum.
a. Calculate the present value
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