Question: QUESTION 1 (15 MARKS) a. Sinovac Corporation has issued two bonds to finance the company operation and activities. The two different bonds are currently outstanding

QUESTION 1 (15 MARKS) a. Sinovac Corporation has issued two bonds

QUESTION 1 (15 MARKS) a. Sinovac Corporation has issued two bonds to finance the company operation and activities. The two different bonds are currently outstanding is Bond M and Bond N. Bond M has par value of RM1,000 and matures in 10 years, coupon rate is 10% and the required return is 20% annually. Bond N also has par value of RM1, 000 and matures in 10 years, coupon rate is 14% and the required return is 10% semiannually. Required: Calculate the bond value for both bond (Bond M and Bond N). (10 marks) b. The bonds issued by Impiana Berhad bear a 6 percent coupon, payable semiannually. The bonds will be mature in 11 years and have a RM1,000 par value. Currently, the bonds sell for RM825.00. What is the yield to maturity for the bond

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