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(Soalan 6) (a) VDSL Network Sdn Bhd had sold a bond that issued with 15 warrants attached. The bond has 15 years maturity period with

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(Soalan 6) (a) VDSL Network Sdn Bhd had sold a bond that issued with 15 warrants attached. The bond has 15 years maturity period with 9 percent annual coupon rate at RM1,000 of par value. The current yield on similar straight bonds is 12 percent. Calculate the value of each warrant. (4 marks)

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