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Suraya Berhad planned to raised funds from issuing an 8-year maturity bond, paying 16 semi-annual coupon payments of RM40, with a par value of RM1,000.

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Suraya Berhad planned to raised funds from issuing an 8-year maturity bond, paying 16 semi-annual coupon payments of RM40, with a par value of RM1,000. If your required rate of return is 10 percent, determine the value of the bond

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