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Calculate the prices of the two bonds

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Question - Maxi Company has two bonds outstanding. One was issued 10 years ago at a coupon rate of 8%. The other was issued 5 years ago at a coupon rate of 10%. The coupon payment is made semi-annually. Both bonds were originally issued with terms of 15 years and face value of RM1,000. The current interest rate in the market is 10%. Calculate the prices of the two bonds.

Reference no: EM132967875

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