10 (b) Fun-well Limited issued a semi-annual bond with a par value of $ 36,000, coupon rate of 8% p.a. and a maturity period of 15 years. Required: Create a model showing the interest and principal repayment separately, and calculate the value of the bond when the required rate of return is 10% if: (1) Interest is paid annually. (3 Marks) Interest is paid semi-annually. (3 Marks) (iii) What would be the value of the bond when the required rate of return is 12%, interest paid semi-annually and with a maturity of 8 years? (4 Marks) 11 12 13 14 15 16 17 18 19 20 21 22