1. a) Why a company issue bond in place of share? b) State the principles of the Bond Pricing Theorem referred by Burton G. Malkiel. c) A person owns a Tk.1000 face value bond with five years to maturity. The bond makes annual interest payments of Tk.80.The bond is currently priced at Tk.960 and the market interest rate is 10 percent, should the investors hold or sell the bond? d) An investor purchase for Tk. 6666 a zero coupon bond whose face value is Tk.8000 and maturity is four years. Calculate the spot interest rate of the bond