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Suppose GM Motor Corp issues a bond with 1 0 years until maturity, face value of the bond is RM 1 0 0 0 0

Suppose GM Motor Corp issues a bond with

10

years until maturity, face value of the bond is RM

1000000

at a coupon rate of

7 % (

semi annual payments

) .

The yield to maturity of this bond when it was issued was

6 % .

Calculate the price of this bond when it was issued.

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