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Cost of capital

Example 2.9

Delbert plc also has some 8% coupon, $100 nominal value, redeemable bonds
in issue, which are redeemable in 4 years at a 5% premium. The bonds have a
current market value of $97.

Required:

Calculate the yield to maturity for these bonds. Use discounts rates of 5%
and 12%. Give your answer to 2 decimal places..

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