Question: Hi pls help, need full working. Question 1 Nishin Bhd. issued 10-year bonds 5 years ago at a coupon rate of 7%. Coupon is paid

Hi pls help, need full working.

Question 1

Nishin Bhd. issued 10-year bonds 5 years ago at a coupon rate of 7%. Coupon is paid annually, and the bond has a RM1,000 par value. The bonds YTM are 11%.

Required:

  1. Calculate the value of this bond.
  2. Calculate the Macaulay duration and modified duration of this bond.
  3. Compute the convexity of this bond.
  4. If the YTM increases by 300 basis points, determine the price change on this bond.

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