1. It is now 10 May 2021. On this day you have an option to buy a 3 year bond with a par value of R1000 a coupon of 6% and a YTM of 4%. What would you pay for that bond today? (3 Marks) 2. You have an opportunity to buy the same bond referred to in question 1, however, now assume the YTM is 8%. What would you pay for that bond today? (3 Marks) 3. You have an opportunity to buy the same bond referred to in question 1, however, now assume the YTM is 6%. What would you pay for that bond today? (3 Marks) 4. What does the result of questions 1 to 3 tell you about the relationship between the price of the bonds, the YTM of the bond and the coupon of the bond? (6 Marks)