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A three-year bond has an 8 percent coupon rate and a RM1,000 face value. If the yield to maturity on the bond is 10

A three-year bond has an 8 percent coupon rate and a RM1,000 face value. If the yield to maturity on the bond is 10 percent, calculate the price of the bond assuming that the bond makes semi-annual coupon payments. (2 marks)

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