Laberia Industries has outstanding a RM1,000 par value bond with an 8% coupon rate. The bond has 12 years remaining to its maturity date. (i) If interest is paid annually, find the value of the bond when the required return is (1) 7%, (2) 8% and (3) 10%.

(ii) Indicate for each case in part a whether the bond is selling at a discount, at a premium, or at its par value.