Question 3 (a) (i) Calculate the values of the bonds issued by Nana Corp, Nanu Corp and Nani Corp. Your required rate of return are as follows: Nana Corp 6%, Nanu Corp 9% and Nani Corp 8%. (12 marks) NANA NANU NANI Coupon interest rate 7.8% 7.5% 7.975% Years to maturity 10 174 (ii) Which bond is considered as a discount bond (2marks) (iii) Which bond is a premium bond near to par (2marks) (iv) Which bond is near to par value (2marks) (b) An investor is contemplating the purchase of common stock at the beginning of this year and to hold the stock for 1 year. The investor expects the year end dividend to be RM1.75 and expects a year end price for the stock of RM35. If this investor's required rate of return is 10%, what is the value of the stock (5marks) (c) How do closed-end funds differ from open-end funds? What asset class dominates the closed end mutual fund market? (2marks)