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Caltex (M) Sdn Bhd issued a 20 years bond that pay 8% interest annually on a RM1,000 par value. If bonds sell at RM960, what

Caltex (M) Sdn Bhd issued a 20 years bond that pay 8% interest annually on a RM1,000 par value. If bonds sell at RM960, what is the bonds expected rate of return (yield to maturity)? If the interest rate (coupon) is compounded semiannually, what is the value of the bond (assume discount rate is 10%)

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