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How much should the sinar systems bond sell for today

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Problem 1: Sinar Systems has an outstanding issue of RM1,000 par value bonds with a 12 percent coupon interest rate. The issue pays interest semi-annually and 15 years remaining to its maturity date. If the bonds have 10 percent rate of return, how much should the Sinar Systems bond sell for today?

Reference no: EM132745486

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