4 Miller & Newbold Ltd. have requested that you review the bond information in the table below HHT10 Bond Maturity 3 years Coupon Rate 10% Coupon Payment Annual YTM 10,65% $98.40 HHT6 Bond 3 years 6% Annual 10.75% $88.34 Price Both bonds have the same issuer, same priority in an event of default and spot interest rates Note that neither bond's price is consistent with the spot rates shown in the table below: Term Spot Rates (Zero Coupon 1 yr 5% 2 yr 3 yr 11% Using the information provided in the research tables, recommend either HHT10 bond or HHT6 bond for purchase by the company, (6 Points) Enter your answer HHT In 10 years 5. As a part of your internship at Miller & Newbold Ltd., you are to review the 2 bonds issued at pat, by HHT Fisheries and Sigma Fisheries in the table below. Sigma Bond Amount $1,200,000,000 $150,000,000 Callable N/A Call Price N/A $1,100 Security First Demand Mortgage General Debenture over Assets Sinking Fund N/A in 5 years Term 10 years Coupon Rate 99 10% You are to identify and explain four features of these bonds that might account for the lower coupon on the HHT issue. Note credit quality is to be ignored (8 Points) 20 years