English, 16.01.2021 22:10 purplepig12

Mukuba group has a K12 million face value bond issue outstanding. The issue carries a coupon rate of 10% with interest paid quarterly. The issue matures in three (3) years. What is the values of the bond issue if it is priced to provide a yield to maturity of 12%?

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Mukuba group has a K12 million face value bond issue outstanding. The issue carries a coupon rate of...