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Mopani Oil Limited has just listed a 10-year semi-annual bond with a coupon rate of 15% on the JSE. Its face value is R1 200.

Mopani Oil Limited has just listed a 10-year semi-annual bond with a coupon rate of 15% on the JSE. Its face value is R1 200. If the current YTM is 12.25%. calculate the current price for the bond.

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