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A RM1,000 par value, 12-year annual bond carries a coupon rate of 7%. If the current yield of this bond is 8%, its market price

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A RM1,000 par value, 12-year annual bond carries a coupon rate of 7%. If the current yield of this bond is 8%, its market price to the nearest dollar is Select one: a. RM1,075. b. RM925. c. RM876. d. RM1,125

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