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Money and capital market 1) UMAR IS INTERESTED TO PURCHASE A RM1000 PAR VALUE BONDS THAT HAS A MATURITY OF 8 YEARS, 11% COUPON RATE.

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Money and capital market

1) UMAR IS INTERESTED TO PURCHASE A RM1000 PAR VALUE BONDS THAT HAS A MATURITY OF 8 YEARS, 11% COUPON RATE. THE REQUIRED RATE OF RETURN IS 9%. REQUIRED: FIND THE DURATION OF THE BONDS

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