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Explain on how to calculate the bond price

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Reference no: EM132008330

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Zoro company issued 10 year, R10 000 par value, 12% annual coupon bonds, four years ago, the yield to maturity (YTM) on the bond is currently quoted as 15%. At what price would you expect these bonds would be selling in the market? Explain on how to calculate the bond price.

Reference no: EM132008330

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