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(a) FIVE Corporation's bonds make an annual coupon payment of 7.35% every year. The bonds have a par value of RM1,000, a current price of

(a) FIVE Corporation's bonds make an annual coupon payment of 7.35% every year. The bonds have a par value of RM1,000, a current price of RM970, and mature in 12 years. Calculate the yield to maturity on these bonds.

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