Section 3 Investments in bonds (10 marks) Beth values diversity, equity, and sustainability. Through a financial broker, Beth learned about Australia's first ever "Gender Equality" bonds issued by the National Australia Bank (NAB).? This special bond highlights the role that bonds play in the commitment to supporting the development of socially responsible investment (SRI) in the Australian market. The net proceeds from the NAB Social Bond were fully allocated at settlement. The net proceeds were earmarked for refinancing a portfolio of existing loans and assets for organizations that had been awarded the Employer of Choice for Gender Equality citation (EOCGE) by the Workplace Gender Equality Agency (WGEA). The key terms of this bond are listed below*: Coupon rate 3.25 per cent per annum fixed rate Coupon payment dates | 24 September in 2017, 2018, 2019, 2020 and 2021 24 March in 2018, 2019, 2020, 2021, and 2022 Issue date 24 March 2017 Maturity date 24 March 2022 3.1 On 24 March 2017, Beth invested $100,000 buying this bond at par value of $100. However, the RBA lowered the cash rate target significantly during COVID-19.* As a result. on 25 September 2020, the prevailing market-wide discount rate was only 1%. Please calculate the bond's market price on that day using Table 3.1. Beth was puzzled by the fact that the price of her bond was no longer $100. Please explain to her in general the relationship between bond prices and market-wide interest rates. Table 3.1 Market price of the NAB's "Gender Equality" bond Market price on 25 September 2020 3.2 Now that NAB's social bonds have matured in 2022. Beth wants to learn more about such "socially responsible" financial products (not necessarily bonds) in Australia. Please explain to her why these products have become popular in the past decade and briefly describe ONE socially responsible/ green/sustainable financial product based on your research. With an independent and objective mind, you want to provide a critical review of socially responsible/green/sustainable financial products (in general AND specifically about this product either the NAB gender equality bond or the product you describe to Beth). Note: it is perfectly fine if the product is no longer available on the market. (6 marks)