On this day, 21st February, Jonz entered into an agreement to buy a bond with...
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On this day, 21st February, Jonz entered into an agreement to buy a bond with a par value of R1,000. The bond pays a coupon of R60 on the 28th February and 28th August every year and it is left with 6 coupons to maturity. The bid/offer yield to maturity is 10%/12%. The books closed dates are 23rd February and 20th August every year. Determine how much Jonz will pay for this bond. O A. R1,042.19 O B. R1,058.66 OC.R781.78 OD R998.73
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