b) Firms' liquidity performance often benefits from trade credit offered by their suppliers. It refers to the credits that customer gets from suppliers of goods that allows deferral of payments to a later date agreed by the two parties. i) Black Pearl Co. is being offered a 2/10, net 40 cash discount from one of its suppliers. The company will have to borrow the funds at 11 percent to take the discount. Should Black Pearl Co. proceed with the discount? ii) Discuss TWO (2) advantages and TWO (2) disadvantages of short-term financing. c) Long-term financing refers to any arrangements to make external funds available to meet the needs of a firm for more than a year. This type of financing is usually needed to finance fixed assets, expansion of company, etc. One of the sources of long-term financing is bonds. i) Yellow Ducky Co. has a bond outstanding, with a par value of $1,000,$55 annual interest payment, market price of $900 and maturity date in five years. Compute the coupon rate, the current rate and the yield to maturity of Yellow Ducky Co.'s bond