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a) Brown Cookies Corporations bond has 10 years remaining to maturity. Interest is paid annually, the bond has a RM1,000 par value, and the coupon

a) Brown Cookies Corporations bond has 10 years remaining to maturity. Interest is paid annually, the bond has a RM1,000 par value, and the coupon interest rate is 8 percent. The bonds have a yield to maturity of 9 percent. Calculate the current market price of these bond?

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