(1) How do Pandemic bonds compare to traditional corporate bonds, and why would investors choose to purchase them? (2) What features in particular do you believe would be more attractive to bond investors during an economic period where interest rates are at historical lows (like now!)? (3) Explain why you do/do not believe that the interest rate spreads were appropriate for the risk that investors took when investing in these Pandemic bonds. (4) In your educated opinion, have these Pandemic bonds been a failure given their purpose to fund pandemic relief efforts? Discuss from the viewpoint of the World Bank as the bond issuer, and from the viewpoint of the investors who purchased these bonds.