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You own a 10 year, 8% annual coupon bond, issued on 1 January 2010, which has a par value of R1 000. You receive
You own a 10 year, 8% annual coupon bond, issued on 1 January 2010, which has a par value of R1 000. You receive coupons each year on 31 December. You have decided to sell your bond on 31 March 2018. Calculate the full (dirty) price of the bond on 31 March 2018 if the YTM is currently 9%p.a.
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Modern Advanced Accounting in Canada
Authors: Hilton Murray, Herauf Darrell
8th edition
1259087557, 1057317623, 978-1259087554
