QUESTION 3 a) Aspian Tres Bhd issued a bond on March 18, 2019. The terms were as follows: Currency Denomination Malaysian Ringgit Denomination/Par Value MYR100,000 Maturity Date March 18, 2029. or an optional redemption date Redemption/payment basis Redemption at Par Value Interest Payment Dates March 18 September 18 Optional Redemption Date The issuer has the right to call the instruments in whole (but not in part) at 10 percent call premium starting March 18,2024 with a reducing premium of 200 basis point annually thereafter. Interest Rate Fixed rate of 6% for the whole term of bond A fund manager with XYZee Fund in Singapore is considering this bond on November 151 2020 0 Compute the amount paid for a unit of this bond in investor's local currency if the expected return on thisbond is expected at 6.6 percent and the exchange rate is SGD1/MYR3.06. (Disregard fees and other expenses) (8 marks) Another investor based in Malaysia has bought this bond on the same day XYZee Fundpurchased theirs. Supposed Aspian Tres Bhd calls this bond on March 18, 2025. Compute the approximate realized yield for this investor, assuming he is still holding the bond when the issuer exercised the call option, and the coupon interests received were reinvested at a rate of 7 percent (7 marks) b) RHA fund invested in 1,000 units of 7 percent, 15-year, RM1,000 bond issued by CMX Bhd. The bond was issued on 1/11/2018 at par. The firm bought the bonds on 1/11/2021 when the bond was selling at 2% discount. The firm intends to sell back all the bond when the interest rate is expected to be at 5% on 1/11/2026. Throughout the period of holding the bond, the firm reinvest all the coupons received in an investment alternative that pays 8 percent interest for the 13 years and 9 percent interest for the remaining years. You are required to assist RHA fund to determine: 0) their total yield from this bond investment II) total capital gain from this investment (10 marks)