1. On July 29, 2021, Apple Computer issued xed rate bonds with a 40-year maturity (expiry August 5, 2061) that were ofering a yield spread of 0.92% over 30-year maturity US treasuries 1. Proceeds from the sale was used for general corporate purposes, including share repurchases, dividend payments, funding for capital expenditures and acquisitions. S&P Global Ratings assigned a AAi rating to these proposed bonds. (a) Suppose that 30-year treasuries were yielding 1.94% on July 29, 2021 and that the issue price of the bond was 99.762 What is the coupon of this bond? Assume 2 payments per year. Fill in blank, coupon is __________ . (b) State 5 different risks that the holder of this bond is exposed to. (c) Between July 2021 and July 2022, what do you think happened to yield spreads for this bond? Did spreads widen or narrow? You do not have to look this up, use your intuition. Fill in blank with widen or narrow (d) State why you chose your answer in c. Fill in blank. Spreads moved in the way I said in part c because (c) On July 25, 2022, the Apple bonds were yielding 4.00%, much more than they were yielding at the issuance date. What was the main driver behind the rise in yields for this bond? Fill in the blank. The main driver for rise in yield is ________________________ . (f) TWhat is the price of this bond on July 25, 2022? Fill in blank, price is __________