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Calculate the annual rate

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Reference no: EM133120681

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.

Reference no: EM133120681

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