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3. a. How much would you pay for a RM1,000.00 bond with 10% coupon, semi- annual payments, and 12 years to maturity if the interest

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3. a. How much would you pay for a RM1,000.00 bond with 10% coupon, semi- annual payments, and 12 years to maturity if the interest rate is 8% ? b. How much would you pay for a RM1, 000.00 bond with 10% coupon, annual payments, and 12 years to maturity if the interest rate is 8%

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