Question: QUESTION 4 (25 MARKS) Given below is information about three RM1000 par value bonds, each of which pays coupon semiannually. The required rate of return

QUESTION 4 (25 MARKS)

Given below is information about three RM1000 par value bonds, each of which pays coupon semiannually. The required rate of return on each bond is 12%. Calculate the value of the bonds and determine whether the bond is selling at discount, premium or par value.

Bond	Coupon Rate (%)	Maturity (years)
1	10	5
2	12	10
3	14	15

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