Assume that we have the following data for five bonds, each of which matures at the end of the stated period of time. For ease of exposition, we also assume that the bonds pay coupons on an annual basis. The face value is RM1,000 for all the bonds. Calculate the term structure using bootstrapping technique.

*Please provide detailed calculation for understanding.

Maturity 1 2 3 4 5 PV of Bond (RM) 995 975 955 935 885 Coupon Rate (%) 7.50 8.50 9.50 9.75 10.25 (25 marks)