2. Identify and Explain The 5 Phases Of The Investment Process (3marks) 3. A friend borrowed 950,000 cedis from you to undertake investment with the promise to pay in three months' time. At the end of the three months he fails to pay and you decided to use any of his investment he has made to pay. He has just handed to you a 90-day Treasury bill with a face value of 1,100,000. The interest rate is 20% per annum. (3marks) Calculate the value of the bill to assess whether it adequately settles your loan to the friend. 4. You have just bought a 182-day Treasury bill which you intend to hold to maturity. You bought the bill at 550,000 cedis with a face value of 600,000 cedis. What is your discount yield on this bill. (3marks)