Question: Modern Bhd. issued a bond with 7 percent return and RM1,000 face value. The interest will be paid semi-annually. In 8-years, what is the yield

Modern Bhd. issued a bond with 7 percent return and RM1,000 face value. The interest will be paid semi-annually. In 8-years, what is the yield to maturity for this bond if the market price is RM987?

Select one:

a. 7.22%

b. 6.97%

c. 6.88%

d. 6.92%

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