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bursamaster corporation issued 20 years 7% annual coupon bonds at their par value od rm 1000 1 year ago. today the market interest rate on

bursamaster corporation issued 20 years 7% annual coupon bonds at their par value od rm 1000 1 year ago. today the market interest rate on these bonds has dropped to 6%. what is the new price of the bonds , given that they now have 19 years to maturity?

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