(a) What are the key benefits and obligations encountered by an institutional issuer accessing the long-term debt market? Maximum word count: 200 words (20%) (b) We have said that fixed-rate bonds are the most popular structure in the long-term debt market. What makes this structure so popular with both issuers and investors and what are the key risks? Maximum word count: 200 words (20%) (C) In the short-term debt market we looked at 3 products: Deposits and CDs Commercial paper Treasury bills O Give a brief description of each of these products, highlighting what types of institutional issuers would bring them to the market and the structures of the products. Maximum word count: 400 words (45%) (d) You have bought a CD denominated in EUR that carries a coupon of 1.25%. It was issued on 14 January 2020 and matures on 14 July 2020. You have bought a face value of EUR 10,000,000. What will be the repayment proceeds on this deal? (15%)