1. Xiamen Corporation has bonds outstanding with a RM1000 par value and 15 years left to maturity. They have an 12% annual coupon payment, and their current price is RM1180. The bond may be called in 6 years at RM1100. a) Calculate the bond's yield to maturity. b) Calculate the bond's yield to call. c) Which yield might investors expect to earn on these bonds? Briefly explain why. (10 Marks) 2. To finance the expansion of your business, you borrowed RM 227,540 at a 5.28% p.a. nominal rate of interest to be repaid over eight (8) years. The loan is amortised into equal end-of-month payments. a) Calculate each end-of-month loan payment. Round to two (2) decimal places. Beginning Interest Principal Ending Month balance PMT payment payment balance 1 227,540.00 2 3 4 b) Based on your working on an amortisation table, how much principal and interest would have your company paid after the first four (4) months of payments? Round to two (2) decimal places.