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Calculate the Price per £100 nominal which the investor should pay to ensure they will receive a net effective yield of at least 7% per annum Loan nominal amount £2m Coupons rate of 8%

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Calculate the Price per £100 nominal which the investor should pay

to ensure they will receive a net effective yield of at least 7% per annum
Loan nominal amount £2m
Coupons rate of 8%