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Syahirah Corporation is considering the purchase of a 10%, 20 years corporate bond with a market interest yield of 12%. The corporation expects the market

Syahirah Corporation is considering the purchase of a 10%, 20 years corporate bond with a market interest yield of 12%. The corporation expects the market interest to be 9% next year. Determine the price of the bond today and in one years time

*annual coupon

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