Calculate the market price of each bond on 24th September 2020 that issued by North Polar Ltd., a European company specialises in manufacturing semiconductors, using the yield curve data provided in the table above. What is the current total value of minimum application? Issuer Issuing date Bond expiration date Face value Minimum application Interest rate Coupon rate (annual) Coupon payment Market Yield Corporate Bonds Fact Sheet North Polar Ltd. 24th September 2020 24th September 2025 1000 per bond. 50 Bonds ( 50,000) Floating Interest Rate. The Interest Rate is the sum of the Market Rate plus the Margin. Central Government Bond Yield + 1.86% p.a. Annually (coupon payment is paid on 10th July every year) 4.5% marks] Suppose the Australian government has announced tax cuts for the business sector. Using the loanable funds model, explain how this will impact the supply of and demand for loanable funds and the interest rate in Australia. (Explain your answer using diagrams).