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Aminah has just bought a bond that will mature in 7 years for RM 800, with RM 1000 par value and coupon rate of 8%

Aminah has just bought a bond that will mature in 7 years for RM 800, with RM 1000 par value and coupon rate of 8% paid semiannually. What should the value of this bond be if the required return on similar-risk bonds is 12% per year ( 6% paid semiannually) ?

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