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Finance question

Azie

Time is money so I went and bought a Rolex

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Jul 13, 2011
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I'm having trouble understanding how to work this question out.

Crow Plc has just issued a ten-year bond (nominal value £100) with an annual coupon (interest) rate of 8% at a price of £90. Calculate the Internal Rate of Return (IRR)* of this bond.
 
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