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Alamin Telecommunications bonds are selling for RM1120. The bonds carry a coupon rate of 12% and mature in 10 years. Calculate the yield to maturity
Alamin Telecommunications bonds are selling for RM1120. The bonds carry a coupon rate of 12% and mature in 10 years. Calculate the yield to maturity of the bonds. (use trial and error method)
(5 marks)
(Urgent)
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