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FINC 302 is a long-term debt where the face amount of each bond is GH¢
1,000. The coupon rate is 20% to be paid semi-annually. The 5-year risk-free rate
is 20% p.a. It is estimated that the risk premium appropriate to company Y is 6
percentage points.



Answer :

CourvixJAVA

Answer:

GH¢999.54

Explanation:

[tex]Pricebond =PVannuity+PVface value[/tex]

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