Question: please do it in detail (c) You are given a RM1,000 face value bond with a yield to maturity of 6.69 percent and a 7%

please do it in detail please do it in detail (c) You are given a RM1,000 face

(c) You are given a RM1,000 face value bond with a yield to maturity of 6.69 percent and a 7% coupon rate. The bond pays interest every year and matures in three years. Calculate the current price of this bond. Is it at discount, par or premium? (4 marks)

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