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Assume that a bondwith RM 1 0 0 0 par value has a coupon rate of 1 2 % that pays semi - annually and

Assume that a bondwith RM1000 par value has a coupon rate of 12% that pays semi- annually and will mature in 3 years. It has a current price quote of RM940. Given this information, what is the yield to maturity for this bond?

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