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XYZ limited had issued bonds with a par value of Rs. 100 and a coupon rate of 12% p.a. The bond has maturity of 30

XYZ limited had issued bonds with a par value of Rs. 100 and a coupon rate of 12% p.a. The bond has maturity of 30 months and pays quarterly coupons. Calculate the fair price of the bond if the required rate of return by investors is 8%.

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