What price should pauline sell her bond

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Pauline purchased an 8% coupon par bond at a price of N$ that expires in 20 years . However, Pauline encountered unforeseen liquidity problems that forced her to sell the bond after holding it for 5 years. Similar bonds are currently trading at N$ 100 000 and pay an annual coupon rate of 10%. At what price should Pauline sell her bond?

Reference no: EM132645691

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