About the perpetual bond issued by the assets

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Felix Corporation asked questions about the perpetual bond issued by the assets. The payment was made through coupons at a price of $0.75 per share. It was 12% for the next three years. It is planned to increase it to 8% coupon payment. The plan was published on the bond market. The price of the bond changed, and the maturity of the corresponding bond (YTM) was calculated as 10%. What is the price of this bond?

Reference no: EM132023359

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