Engro Foods Pakistan wants to generate Rs. 1,500,000,000/- through issuance of bonds in Pakistan stock exchange at a cost of capital of 14.5% annually. The bonds will mature in 15 years. Suppose the...

Engro Foods Pakistan wants to generate Rs. 1,500,000,000/- through issuance of bonds in Pakistan stock exchange at a cost of capital of 14.5% annually. The bonds will mature in 15 years. Suppose the prevailing average market rate is 12.5%.  and the bond’s par value is Rs. 10,000/-. At what price the bond will be issued? Justify your finding with appropriate rationale.