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You are working in the treasury department of a bank. Turkish Treasury announced that it would issue a bond with coupon payments. Nominal value is
You are working in the treasury department of a bank. Turkish Treasury announced that it would issue a bond with coupon payments. Nominal value is 100 TL., maturity is 5 years. The bond makes coupon payments every six-month. Coupon rate is 14%. If the required rate of return is 16%, how much money do you offer for this bond?
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