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Calculate the Price of Commonwealth bonds
Commonwealth Company has a 10% coupon bond with a par value of $1000, The current yield to maturity on new bonds is 8%. If interest is paid annually and the bond matures in 5 years, what is the price of Commonwealth bonds?
What are the techniques of financial management There are two widely-discussed techniques: (i) Profit maximisation approach and (ii) Wealth maximisation approach.
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