a. An issue of Temenggong Corporation's preferred stock with a RM50 par value promises an 8 percent annual dividend:

i. What was the stock's current yield at time of issue if it is issued at par?

ii. Assuming the stock's market price rises to RM60 per share. What is its current yield?

b. A government bond is scheduled to mature in 5 years. Its coupon rate is 10 percent, with interest paid to holders of record at the conclusion of each year. This $1,000 par value carries a current yield to maturity of 10 percent. What is its duration?