(c) A bond issued by your country has the following features: The bond market yield is 10% and the interest is payable annually. The spot market yields over the term of the bond are provided below: equired: (i) The value of the bond using the traditional valuation approach. (3 marks) (ii) The value of the bond using the arbitrage-free valuation approach. (5 marks) (iii) Comment on the results obtained in (c) (i) and (c) (ii) above. ( 2 marks) (Total: 20 marks) ) Assuming the spot rates above are the forward rates, calculate the value of that bond