(a) Akmar buy a package of bond with warrant for RM1,200 at market price. Par value of this bond is RM1,000. She would receive a package consisting of a 10 percent coupon payment, 20-year bond plus 20...

(a)   Akmar buy a package of bond with warrant for RM1,200 at market price. Par value of this bond is RM1,000. She would receive a package consisting of a 10 percent coupon payment, 20-year bond plus 20 warrants. If the interest rate is 12 percent, calculate the value of each warrant.