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PDZ Bhd. offers a 9-year bond with a face value of RM1,000, which is priced at the market at RM 1,078.74. The yield to maturity

PDZ Bhd. offers a 9-year bond with a face value of RM1,000, which is priced at the market at RM 1,078.74. The yield to maturity is 5.85% and the bonds pays an annual coupon payment. Determine the type of the bond and calculate the percentage of the coupon of the bond either using a financial calculator or equation.

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