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The current yield of the bond is 3.17% with a current price of RM945. The par value of the bond is RM1,000 that will be

The current yield of the bond is 3.17% with a current price of RM945. The par value of the bond is RM1,000 that will be mature in 10 years. i. Calculate annual interest that would be earned by bondholder. (3 marks)

ii. If Ben want to buy the above bond, calculate the approximate yield to maturity.

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