Amcor limited has a corporate bond outstanding with 7% coupon semi annual interest 15 years...
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Amcor limited has a corporate bond outstanding with 7% coupon semi annual interest 15 years to maturity and face value of $ 1000.Similar bonds currently yield 13%.By prior agreement the company will skip the coupon payment in year 6,7 and 8 (6 payments in total;the payment at time 6 through to 8.5).These payments will be repaid without interests at maturity.What is the corporate bond's value?
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