XYZ Corporation has issued XXX bonds worth RM1.2 million in Japan and denominated in Yen Japanese for 10 years, 7% and semi-annually payment dividend. The other bonds, 15 years ZZZ bonds worth RM1.5 million was issued 7 years ago at coupon rate of 6% and annually payment. ZZZ bond has issued in US denominated in Ringgit Malaysia. Market price for XXX bond is RM1200 and ZZZ is RM1050.

a)Determine what type of bonds has been issued by XYZ Corporation. Justify your answer.

b)Calculate the YTM according to interpolation methods for both bonds.

c)From (b), calculate the value for both bonds.