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b) Compute the value of a bond maturing in 9 years, with a RM1,000 par value and a coupon interest rate of 12% paid semi-annually.

b) Compute the value of a bond maturing in 9 years, with a RM1,000 par value and a coupon interest rate of 12% paid semi-annually. The required rate of return of the bond sis 16% paid semi-annually. (10 marks)

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