d. Grand Bhd had issued a 15-year bond 7 years ago. These bonds pay 6% coupon annually. The face value of the bond is RM1,000. It has been given a BBB rating. Recently, an 8-year bond was issued by Power Bhd, with the same face value. These bonds pay 8% coupon annually and are still selling at face value. The investors' required rate of return is the current yield on the Power Bond. Calculate the present value of the Grand Bond? i. (4 marks) Based on your answer in (i) above, calculate the yield for the Grand Bond if you hold the bond until maturity. (3 marks) iii. If the Grand Bond is selling at RM850, will you buy it? Why or why not? (3 marks) ii. e. Briefly explain the relationship between interest rates and bond prices. (5 marks)