A bond with a face value of $10,000 has 4 years and 28 days left to maturity.

The coupon rate is 4%.

Interest payments are paid quarterly.

The bond will be discounted at an annual rate of 8%.

1. Diagram the cash flows of this bond.
2. What is the current price of this bond?
3. How is the extra 28 days handled in the pricing of the bond?
4. What are the risks of this bond? (looking for 2 risks on bonds)