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A. DHEL Corporation issues a 7% coupon interest rate bond with a maturity of 20 years. The face value of the bond, payable at maturity

A. DHEL Corporation issues a 7% coupon interest rate bond with a maturity of 20 years. The face value of the bond, payable at maturity is $1000. The required rate of return on Dhels bond is 8% with interest being paid semi-annually. (7 marks)

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