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Oil and Fats Bhd is contemplating issuing a 20-year bond with semiannual coupons, a coupon rate of 5%, and a face value of RM1000. The

Oil and Fats Bhd is contemplating issuing a 20-year bond with semiannual coupons, a coupon rate of 5%, and a face value of RM1000. The issue price for these bonds would be closest to:

a.RM1035

b.RM1000

c.RM975

d.RM1026

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