a. A new financial product will give you a fortnightly return of 0.3% if you invest $300 fortnightly for five consecutive years. How much will you have after five years? (round to 2 dp) (3 marks) b. Lannister is planning to invest in a 10-year bond with a face value of $1,000 that pays a 8.5 percent coupon (paying semi-annually). Assume that coupon payments will be semi-annual. The current market rate for similar bonds is 10.4 percent. What is the maximum price that should be paid for this bond? Is the bond selling at a premium and why? (Round to 2 dp) (5 marks)

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