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You are considering investing in Rs. 100 par value bonds bearing a coupon rate of 12%, which will be maturing after 6 years on which

You are considering investing in Rs. 100 par value bonds bearing a coupon rate of 12%, which will be maturing after 6 years on which you are likely to get a premium of 5% on redemption. What should be the value of the bond when the rate of interest required is 12% or 15%?

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