Total sukuk issuance of 2,000 units at par value of RM1,000 each. The sukuk was sold at
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Question:
Total sukuk issuance of 2,000 units at par value of RM1,000 each. The sukuk was sold at RM1,245 per bond, maturing in 20 years, annual coupon of 6%, and to be redeemed for RM1,000 upon maturity.
Calculate the annual rate.
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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