What is the value of 8%, 10-year bond with par value of RM1,000 paying semi annually coupon payment with market interest rate is 8% per annum.
(4 marks)
Farhan has decided to invest RM950 in 14% semi-annual coupon, 10 years bond.What is the yield-to-maturity if the par value is RM1,000Explain the Stolper-Samuelson theorem and draw out some of its implications
