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An analyst observes a 5 -year, 10% semiannual pay bond. The face amount is RM1,000. The analyst believes that the yield to maturity on a

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An analyst observes a 5 -year, 10% semiannual pay bond. The face amount is RM1,000. The analyst believes that the yield to maturity on a semiannual bond basis should be 15%. Based on this yield estimate, the price of this bond would. (5 marks) (b) A RM1,000, 5\%, 20-year annual pay bond has a YTM of 6.5%. If the YTM remains unchanged, how much will the bond value increase over the next three years

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