As risk-free interest rates are at zero per cent, a banker designs a new special bond for you that offers a 15% coupon. You need to invest 10 000 SEK. The payoff of this bond one year from now depends on the value of Ericsson Stock at that date. Ericsson pays no dividends, has a volatility of 50.68% and the current stock price is SEK 100. If the Ericsson stock price is greater than or equal to SEK100 one year from now, you will earn a coupon return of 15% on your investment and, in addition, your investment of 10 000 SEK returned . If the stock Ericsson trades below SEK100, you will receive 115 Ericsson shares a) Decompose the payoff of this savings product into two standard securities b) Compute the NPV of the investment. Is the offered coupon rate fair? As risk-free interest rates are at zero per cent, a banker designs a new special bond for you that offers a 15% coupon. You need to invest 10 000 SEK. The payoff of this bond one year from now depends on the value of Ericsson Stock at that date. Ericsson pays no dividends, has a volatility of 50.68% and the current stock price is SEK 100. If the Ericsson stock price is greater than or equal to SEK100 one year from now, you will earn a coupon return of 15% on your investment and, in addition, your investment of 10 000 SEK returned . If the stock Ericsson trades below SEK100, you will receive 115 Ericsson shares a) Decompose the payoff of this savings product into two standard securities b) Compute the NPV of the investment. Is the offered coupon rate fair