How much would it have to pay

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Question - A company has issued 2 million bonds that have 3 years to maturity with the face value per bond being $100 and coupon rate of 10% p.a. paid half-yearly. If the company wants to buy back all of its issued bonds, how much would it have to pay if the current yield required by bond investors is 7% p.a.?

Reference no: EM133071089

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