Calculate the market value of the bonds

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Question - Jack Pvt Company has issued 12 % bonds with par value $100,000 and redemption value $110,000 with interest payable quaterly, The cost of debts on the Bonds is 8% annually and 2% quarterly. The bonds are redeemable on 30 June 2024 and it is now 31 Dec 2020. Calculate the market value of the Bonds?

Reference no: EM133053434

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