The Indonesian government has a global USD bond outstanding (INDON35) with a face value of $1,000 that reaches maturity in 15 years. The bond certificate indicates that the stated coupon rate for this bond is 8.5% and that the coupon payments are made semi-anually.
Calculate and show the following:
a. Assuming the appropriate yield to maturity (YTM) on the INDON35 is 7.0, then the
price that this bond trades for will be closest?
b. List and elaborate the challenges and initiatives in the digital finance regulatory trend in Indonesia, particularly in relation to crowdfunding.
