a) Brand Ltd wishes to raise $10 million. They will issue an 8-year bond that pays a 6% p.a. semi-annual coupon with a face value of $1,000. The yield to maturity is 10% p.a. How many bonds does Brand Ltd need to issue? (4 marks) b) Answer parts i, ii and iii based on the information below: A 9-year zero-coupon bond was newly issued with a face value of $1,000. Assume comparable bonds normally pay semi-annual coupons. i. Jocelyn purchased the bond on the issue date at a price that would give her a yield to maturity of 6% p.a. Calculate how much Jocelyn paid for the bond. Round your answer to the nearest cent. (2 marks)