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(c) Zaiman is an investor, he currently considering to invest in bond, he interested in two bonds Durry bond and Masai bond. Following are the

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(c) Zaiman is an investor, he currently considering to invest in bond, he interested in two bonds Durry bond and Masai bond. Following are the information of the both bonds: Durry bond The bonds have par value of RM1,000, 6 percent coupon rate and the tenure of the bond is 7 years. Given investor required rate of return is 8 percent. Masai bond The bonds have 10 years maturity with par value RM1,000 and coupon interest rate of 5 percent compounded annually and the required rate of return is 9 percent. Calculate the value of each bond. (10 marks)

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