a) Sonya is interested in investing in bonds; she understands that there are a number of ways is which you can repay the principal and interest. List and briefly describe for Sonya four terms of repayment for bonds. 8 Marks b) Ivan Mack is interesting in getting income from his investment to offset his monthly expenses. He has to choose between two bonds 1) KEV, a 10 -year bond with a $1,000 par value, a 6% coupon rate and a yield to maturity of 5%, interest is paid semi-annually OR 2) HDF, an 8 year bond with a $1,000 par value, 8% coupon rate a yield to maturity of 10% interest is paid semi-annually. If Ivan wants the bond with the greater percentage current yield which bond should he select? 9Marks c) The Science Foundation, Research Unlimited, was given a perpetuity which will pay $15,000 per annum at a rate of 8% and will grow at 3% per annum. The foundation is considering selling the perpetuity. What is the amount it should accept? 3 Marks