1. Look at the terms of the Apple bond issue below and answer the following questions: (10pts) Description of Bond ISSUE Apple Inc. 3.85% Notes DUE May 4, 2043 RATING-Aa TRUSTEE Issued under an indenture between Apple and The Bank of New York Mellon Trust Company REGISTERED Issued in registered, book-entry form SINKING FUND None Comment 1. Interest of 3.85% will be payable on May 4 and November 4 of each year. Thus every 6 months each note wil pay inter- est of (.0385/2)