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Computation of value of the bond
The current yield on a bond worth $900 with a par value of $1000 and a coupon rate of 10% is:
a) 10%
b) 11.11%
c) 12.05%
d) none of the above
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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