Question: please help me solve this question ASAP Cupper Bhd. plans to issue RM5 million bonds with a coupon rate of 5%, a par value of

please help me solve this question ASAP please help me solve this question ASAP Cupper Bhd. plans to issue

Cupper Bhd. plans to issue RM5 million bonds with a coupon rate of 5%, a par value of RM100, annual coupon, 25 years maturity and the call price of RM105. The bond is only callable after 2 years issued. The current market interest rate is 5%. There is an equal chance for the interest rate two years from now to be 4.0% and 5.5%. What price are investors willing to pay for the bond

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