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(b) Maiko Limited has issued a $20,000 par value bond, coupon rate 8% p.a. and a maturity period of 8 years. Required: Compute the value

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(b) Maiko Limited has issued a $20,000 par value bond, coupon rate 8% p.a. and a maturity period of 8 years. Required: Compute the value of the bond if the required rate of return is 10% and interest is paid semi-annually

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