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Kilat Corporations has RM1000 bonds with a 15-year maturity that pays semiannual coupon of 8%. The interest rate (rd) is 7%.) aCalculate the bonds price

Kilat Corporations has RM1000 bonds with a 15-year maturity that pays semiannual coupon of 8%. The interest rate (rd) is 7%.)
aCalculate the bonds price
bCalculate the bonds price if the interest rate goes down to 5.5%. Relate this scenario with price risk.

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