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1. A 3-year RM 1,000 par value bond pays semiannual coupons at an effective rate of interest 6% convertible semiannually. It is sold to yield

1. A 3-year RM 1,000 par value bond pays semiannual coupons at an effective rate of interest 6% convertible semiannually. It is sold to yield 5% convertible semi-annually.

i) Calculate the price of the bond.

ii) Construct the amortization schedule.

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