QUESTION 3 The following are list of bonds: . You own a bond that pay RM100 in annual interest, with a RM1,000 par value. It matures in 15 years. Your required rate of return is 12%. Calculate the value of a bond that expects to mature in 10 years and has a RM15,000 face value. The coupon interest rate is 9% that paid annually and the investor's required rate of return is 15%. A bond have a 10% coupon rate. The interest is paid semi-annual and the bond mature in 11 years. The par value is RM 105,000 and the required rate of return is 6% For each bond above: a) Calculate value or price of the bond. b) Explain the type of bond value by comparing the price with par value