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Hello, may I know anybody know how to solve the case below?
Question 1 :
On 1 January 2006, an entity issued a debt instrument with coupon rate of 3.5% at par value of $ 10000000. It incurred an issue cost of $200000. The debt instrument is repayable on 31 December 2012 at a premium of $ 5100000. What is the total finance cost associated with the debt instrument
Thank you
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