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TriSnow bonds have a coupon rate of 8 percent and pay quarterly. The bond par value is RM1,000 and will mature in 5 years. If

TriSnow bonds have a coupon rate of 8 percent and pay quarterly. The bond par value is RM1,000 and will mature in 5 years. If the require rate of return is 12 percent, calculate the price of the bond. (3 marks)

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