Question: Domini Bhd. has two bond issues outstanding, and both sell for RM551.83. The first issue has an annual coupon rate of 6 percent and 20

Domini Bhd. has two bond issues outstanding, and both sell for RM551.83. The first issue has an annual coupon rate of 6 percent and 20 years to maturity. The second has an identical yield to maturity as the first bond, but only 8 years until maturity. Both issues pay interest annually.

What is the annual interest payment on the second issue? Round up to the nearest 1. (7 marks)

(I want scientific method not in financial calculator method)

(Please show one by one solution and the work method)

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