(a) (b) (C) Each of the bonds in the following table has a $1,000 par value and pays annual coupons. Calculate the missing values. (5 marks) Bond X Y Coupon interest rate (% p.a.) 8 3 Years to maturity 7 7 Yield to maturity (% p.a.) 5 ? Bond price ($) ? 970 Which risk will not differ between Bonds X and Y in part (a): default risk or maturity risk? Why? (2.5 marks) Explain what will happen to the yield to maturity and price of Bonds X and Y in part (a) if inflation is expected to increase. (No calculations required.) (2.5 marks)