a. A new financial product will give you semi-annual return of 2% if you invest $1,000 twice a year for 20 consecutive years. How much will you have after 20 years? (round to 2 dp) (3 marks) b. Lannister is planning to invest in a 15-year bond with a face value of $1,000 that pays a 6.5 percent coupon (paying semi-annually). Assume that coupon payments will be semi-annual. The current market rate for similar bonds is 7.5 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)