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(a) Diana Roses Company's bonds mature in 8 years, have a par value of RM1,000 and make an annual coupon interest payment of RM65. The

(a) Diana Roses Company's bonds mature in 8 years, have a par value of RM1,000 and make an annual coupon interest payment of RM65. The market requires an interest rate of 7.7% on these bonds. Calculate the bond's price.

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