a) Astra Group has an issue of RM1,000 par value bonds with a 14 percent annual coupon interest rate. The issue has ten years remaining to the maturity date. Bonds of similar risks are currently selling to yield a 12 percent rate of return. What is the current value of each Astra bond? b) Information relating to bond L, M and N are as follows: - Bond Par Value (8) 1000 L M N Annual Coupon Years to Required Interest Rate (6) Maturity Return C) 6 10 $ 10 18 17 15 100 500 (i) Calculate the current value of L. (1) What will happen to value/price as the bond approaches maturity? (iii) Explain if bond sells at discount, premium and par. Give example