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2 2. (b) Timberlake Corporation plan to issue 6 years maturity bond that pays 15 percent of coupon rate semi-annually. A par value of bond

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2 2. (b) Timberlake Corporation plan to issue 6 years maturity bond that pays 15 percent of coupon rate semi-annually. A par value of bond is RM1,000 and the required rate of return is 10 percent. Compute the current price of bond

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