3 Which bonds are more likely to be issued in the domestic and foreign markets? (6 points) "Market of Issue" can take the following values: Domestic: a bond is issued in the US 4 Global: a bond is issued in the US and foreign markets Eurobond: a bond denominated in USD is issued in the foreign market. You need to estimate the probabilities that a bond with the following character- istics is issued in each market: maturity: 10 years coupon: 2.5% amount: $750,000,000 currency: US dollars seniority: senior unsecured Moody's (Issue) credit rating: A a2 sector: Electronics . domicile: USA convertible: no callable: yes puttable: no. In the analysis, estimate mult inomial logit regression model and briefly discuss the determinants of "Market of Issue." According to the analysis, what is the most likely market of issue of this bond? 3 Which bonds are more likely to be issued in the domestic and foreign markets? (6 points) "Market of Issue" can take the following values: Domestic: a bond is issued in the US 4 Global: a bond is issued in the US and foreign markets Eurobond: a bond denominated in USD is issued in the foreign market. You need to estimate the probabilities that a bond with the following character- istics is issued in each market: maturity: 10 years coupon: 2.5% amount: $750,000,000 currency: US dollars seniority: senior unsecured Moody's (Issue) credit rating: A a2 sector: Electronics . domicile: USA convertible: no callable: yes puttable: no. In the analysis, estimate mult inomial logit regression model and briefly discuss the determinants of "Market of Issue." According to the analysis, what is the most likely market of issue of this bond