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  • November 19, 2017 at 6:21 pm #416713
    4317bc2617ab40244cca6463471af6af0ac4e779a4c4c904b7e2239993f8e716 80simaniver
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    A co. issue 9% bonds of a nominal value of $100 and the current market value is $106.
    Required:
    Calculate the cost of the bonds if the bonds are redeemable at the nominal value in 7 years time

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