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Answer in 20 minutes
An entity issued 1 500 debentures with face value of R20 000 each. The coupon rate on the debentures is 12% paid annually in arrears. In order to speed the sale of the debentures, the directors decided to issue them at 10% discount.
What amount of interest will be paid annually to an investor who bought 100 debentures?
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- Asap An entity issued 1 500 debentures with face value of R20 000 each. The coupon rate on the debentures is 12% paid annually in arrears. In order to speed the sale of the debentures, the directors decided to issue them at 10% discount. What amount of interest will be paid annually to an investor who bought 100 debentures?Company A issued 10-year bonds five years ago. The said investment pays 6% semi annually with a face value of 1000 UK Dollars. Today, it is being sold at 985 UK Dollars. What is the YTM?
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