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EMSU Communication Berhad has a series of bond with RM 1 , 0 0 0 par value. Each bonds pays interest quarterly at a coupon

EMSU Communication Berhad has a series of bond with RM1,000 par value. Each bonds pays interest quarterly at a coupon rate of 8 percent. The required rate of return on this bond is valued at 12 percent. Determine the current price of this bond if the bond mature in 4 years.

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