Join the IDNLearn.com community and get your questions answered by experts. Get timely and accurate answers to your questions from our dedicated community of experts who are here to help you.

7. FINC 302 is a long-term debt where the face amount of each bond is GH¢ 1,000. The coupon rate is 20% to be paid semi-annually. The 5-year risk-free rate is 20% p.a. It is estimated that the risk premium appropriate to company Y is 6 percentage points