Question 2Adip owns a café near MMU. Over the years his café is doing good, despite the pandemic situation. So Adip plan to purchase some bonds for investment purposes. The bond that he purchasedhas astatedyield to maturity of8% onRM1,000 bond. The coupon rate which iscompounded semiannually is at 15%. The bond hasan 8years of maturity. What is the current market price of the bond? (Total Marks: 4.5marks)
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Adip owns a café near MMU. Over the years his café is doing good, despite the pandemic situation. So Adip plan to purchase some bonds for investment purposes. The bond that he purchasedhas astatedyield to maturity of8% onRM1,0