"Asian perpetual bond market fizzes to life" by Don Weiland, published in the Financial Times on 7 June 2017. 1) Based on your own research, explain in your words what a perpetual bond is, what the payment flows look like, and what are the most common contractual features of these newly popular bonds. (200 words max) (3.5 marks) 2) What are the advantages to investors and to issuers? (150 words) (3.5 marks) 3) Suppose an Australian bank issued a perpetual bonds overseas, explain how the proceeds of the issuance of this bond could be "repatriated." (250 words) (Hint: Kangaroo bond reading in the reading list). (4.5 marks) 4) Write an exam question with a "short essay" format and a suggested answer for it. (max 300 words) (3.5 marks)