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Alpha Investment Ltd.s required rate of return is 8.55% and they consider investing in government bonds that will be issued at a par value of

Alpha Investment Ltd.s required rate of return is 8.55% and they consider investing in government bonds that will be issued at a par value of R R1 275 000 with an interest rate of 10.69% (paid annually) and an initial time-to-maturity of twenty years. What is the market value of the government bond?

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