a. Jane purchased a 10-year bond one year ago. The bond pays an annual coupon rate of 6% and has a $1,000 par value. The yield to maturity when you purchased it was 4.8%. If you sold the bond after receiving the one interest payment and the bond's yield to maturity had changed to 3.7%, calculate total annual rate of return for holding the bond for one year. (4 Marks) b. Anson Ltd.'s primary business is to sell food supplies to cruise ship companies. Given today's economic environment and specifically that of the cruise ship industry, briefly explain what you think might happen to the price and yield of Anson Ltd.'s bonds? (2 Marks) c. A regular bond is priced at 102.5 of par, matures in 10 years, pays interest semi- annually, has a par value of $1,000 and pays $60 in annual interest payments. What is the most you would pay for a zero-coupon bond, maturing in 10 years with a $1,000 par value, if you wished to receive the same yield as the regular bond