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Determine the bond price of kenean company

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Reference no: EM132552119

Carefully evaluate the given below and determine the bond price of KENEAN Company

Given:

Face value of bond issue: Br.200,000

Term of issue: 10 years

Contractual interest rate: 18% per year, payable annually end of the year

Market rate of interest: 22%

Required:

Question 1: Calculate the Price of the bonds?

Reference no: EM132552119

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