a) Dana Hartas bonds mature in 8 years, have a par value of RM1,000, and make an annual coupon interest payment of RM65. The market requires an interest rate of 8.2% on these bonds. Calculate the bond's price

First calculate the PV of the RM1000 paid in 8 years:

PV = FV / (1 + r)ⁿ

Next calculate the PV of the annuity stream of RM65 per year for 8 years:

PV = PMT x (1 (1/ (1+ r)ⁿ) / r

how to calculate using this formulae pls guide