A company has issued some 6% bonds at par value of OMR 75, the shares can be redeemed at the end of 6 years. Investors now require a redemption yield of 16%. Find the present value of interest received on bond at the end of fourth year. ( consider three place after decimal in your calculation) a)OMR 41,40 b)OMR 58.188 c)OMR 16.788 d)OMR 43.15

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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A company has issued some 6% bonds at par value of OMR 75, the shares can be redeemed at the end of 6 years. Investors now require a redemption yield of 16%. Find the present value of interest received on bond at the end of fourth year. ( consider three place after decimal in your calculation) a)OMR 41,40 b)OMR 58.188 c)OMR 16.788 d)OMR 43.15
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