(5 marks) Question 3 a) Lilac Ltd. purchased T-Bills having a maturity value of $10,000,000 for $9,825,000. If the discount was 4.5% on an annualized basis, what was the term of the T-Bills? (5 marks) b) What is the current yield on a 20-year, 6% annual coupon bond, given a required return of 12% p.a.? (5 marks) c) Sunny Days Private Limited just declared a $2 per share dividend. If the current stock price and required return are $30 and 14% respectively, what is the implied growth rate in dividends