- 05/27/2019 at 6:37 pm #1006333EduGorillaKeymasterSelect Question Language :
Direction: Read the given passage and answer the question(s) that follow.
The price of a bond is Rs 950 with a face value of Rs 1000 which is the face value of many bonds. Assume that the annual coupons are Rs 100, which is a 10% coupon rate, and that there are 10 years remaining until maturity.
In the given data, if the YTM is given as 8 % (calculated semi-annually). Find the approximate present value of the stock.
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