Question 3 (a) Brymo Ltd issued bonds a few years ago that pay interest on an annual basis at 8 per cent. The par value of the bonds was RM1,000. The bonds will be redeemed at par, in two years' time. A yield of 10 per cent is required by investors for such bonds. What is the expected market value of the bonds? (3 marks) (b) (i) Would convertible bonds be offered at the same coupon amount as similarly-rated straight bonds? Explain your answers. (2.5 marks) (ii) Would bonds with warrants be offered at the same coupon amount as similarly- rated straight bonds? Explain your answers. (2.5 marks)