5. Bond valuation. Great Company ( GC) is going to issue new coupon bonds. The bond issue is going to have the following characteristics: bonds mature in 8 years from now and carry 4% coupon rate paid out quarterly. The par value of a bond is $5 000 and the prevailing market interest rate for bonds with similar risk and maturity is 6%. Altogether 12 000 bonds will be issued. a) Find the value of a single bond issued by Great Company? b) How much capital is Company Inc. going to raise through the issue of bonds if the issue costs amount to 0.45% of the par value of each bond