Question
Xfi plc has in issue some 9% bonds, which are redeemable at nominal value of 100 each in three years time. Investors now require a
Xfi plc has in issue some 9% bonds, which are redeemable at nominal value of 100 each in three years time. Investors now require a yield of 10% p.a. What will be the current ex-interest market value of each bond? What would be the current ex-interest market value if the bonds had been irredeemable?
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Principles Of Sustainable Finance
Authors: Dirk Schoenmaker, Willem Schramade
1st Edition
0198826605, 978-0198826606
