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Given the following information about a bond: You are given that the value of a corporate bond with a face value of R1,000 and an

Given the following information about a bond: You are given that the value of a corporate bond with a face value of R1,000 and an annual interest rate of 5%, making semi-annual interest payments for 2 years, after which the bond matures and the principal must be repaid. Assume a YTM of 3%. What is the correct figure for the value of the bond? a. R2,138.54 b. R1,238.54 c. R1,138.54

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