2. Hoang Long joint stock company issued fixed rate bonds bearing interest at 11% pa. The bonds have a par value of VND 1,000,000 and will mature after 9 years. Interest are payable annually. If the yield to maturity (YTM) of the bonds is 10%, what is the present value of the bond?

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2. Hoang Long joint stock company issued fixed rate bonds bearing interest at 11% pa. The bonds have a par value of VND 1,000,000 and will mature after 9 years. Interest are payable annually. If the yield to maturity (YTM) of the bonds is 10%, what is the present value of the bond?

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