$1.$ Nissan Canada issued $$300$ million of bonds in the market at a coupon rate of $4\%.$ That is an annual rate that compounds semi$-$annually. Nissan would like to earn $100$ bps on the financing rate it will offer to its customers. Assume that the financing rate to customers will be a monthly rate. Please calculate for Nissan the company's monthly rate and the monthly rate they can offer their customers to make $100$ bps$.$ Show all your work.