Argentinas government issued its first 100year bond in 2017. The bonds cash flows are denominated in dollars, in hopes of attracting US investment. As of today, this bond matures in 96 years. It has a $1,000 face value and the following endofmonth coupon payments: $5/month for 16 years, $15/month for 30 years, and then $25/month for 50 years. Unsettlingly, this government has defaulted on its bonds five times in the past sixty years. You thus decide that a 24%/year required return is an appropriate (ge ometric) average required return over the entire horizon. Using a required return of 24%/year, answer the following questions, a1 through b2. [Note: This problem is based on an article from The Economist, dated 2017.] You might recognize that this bonds series of cash flows consists of three annuities and a single facevalue cash flow at maturity. I will refer to the annuities, in chronological order, as Annuity A, Annuity B, and Annuity C. Importantly, I do not want you to do any calculations here. Rather, I am asking questions about the right approach to ultimately valuing this annuity as of today. (a1) The equations for present value of an ordinary annuity are [in math] C / r ( 1 1/(1+r)N ) and [in Excel] PV(rate, nper,pmt,,0). State the values that you would use for C (pmt), r (rate), and N (nper) for Annuity A. (a2) State the val ues that you would use in the presentvalue equation for C (pmt), r (rate), and N (nper) for Annuity B. You do not need to calculate this present value; just call the answer X (or or !!! or gazillion). (a3) State the values that you would use in the presentvalue equation for C (pmt), r (rate), and N (nper) for Annuity C. You do not need to calcu late this present value; just call the answer Z (or or !!! or gazillion). (b1) Write the simple math equation for trans forming X (from part a2) into a value today. (b2) Write the simple math equation for transforming Z (from part a3) into a value today. (b3) Write the simple math equation for transforming the $1,000 facevalue payment into a value today