Q.4 ABC corporation has issued 12 percent annual coupon 1000 Rupees par value bonds maturing in 10 years. What should be the current price of this bond if the interest rate is 15 percent?

Intermediate Financial Management (MindTap Course List)
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ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
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Chapter4: Bond Valuation
Section: Chapter Questions
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Q.4

ABC corporation has issued 12 percent annual coupon 1000 Rupees par value bonds maturing in 10 years. What should be the current price of this bond if the interest rate is 15 percent?

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