If a 7 year 15% bond is sold below par for rs 94 , the cost of the bond sold Is
Added by Travis F.
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The face value of the bond can be calculated using the formula: Face value = (Selling price * 100) / (100 - (Interest rate * Number of years)) Face value = (94 * 100) / (100 - (15 * 7)) Face value = 9400 / (100 - 105) Face value = 9400 / 85 Face value = 110.59 Show more…
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