i. ii. and iii

d. HICCUPS Corporation bonds pay RM70 in annual interest, with a RM1,000 par value. The bonds mature in 17 years. Your required rate of return is 8.5 percent 1. Calculate the value of the bond. (3 marks) 7. Calculate the value of the bond if your required rate of return (k), increases to 11 percent or decreases to 6 percent (6 marks) iii. Interpret your findings in part (ii). (2 marks)