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Second question A RM100 coupon of 6% per annum payable semiannually bond maturing in 10 years is callable on any coupon date after the 5th

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A RM100 coupon of 6% per annum payable semiannually bond maturing in 10 years is callable on any coupon date after the 5th year. If the bond was called on the 6th year through 8th year, the redemption value would be RM105. If the bond was called on the 9th year through 10th year, the redemption value would be equal to the par value. Determine the highest price an investor can pay to yield 5% convertible semiannually..

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