Question 3 (a) Lahiyah Bhd has outstanding a RM1,000 par-value bond with an 8% coupon rate. The bond has 12 years remaining to its maturity date. 1 If interest is paid annually, find the value of the bond when the required retum is (1) 7%, (2) 8%, and (3) 10% (9 marks) Indicate for each case in part() whether the bond is selling at a discount, at a premium or at its par value (3 marks) (iii) Using the 10% required return, find the bond's value when interest is paid semiannually (3 marks) (b) Briefly describe FIVE (5) general features of a bond issue. (10 marks) [Total: 25 Marks