Hi, I would be enormously grateful, if you could provide me with a solution with a step-by-step explanation of a couple of questions.

Problem 4 - 15 pts Bond issued by DifficultTests corp, has got 5 years maturity. Its nominal is 100 (Bhutanese ngultrum, a rate is also 20%. nnual coupon rate is 20% and coupon is paid twice a year. Discount 1) Calculate issue price of a bond. 2) Calculate price of a bond after the first coupon payment. 3) Calculate price of a bond after the second coupon payment. 4) Two coupon payments were already paid. Consider that there is i% deflation in India. Since Bhutanese ngultrum is pegged 1:1 to Indian rupee, assume Bhutan will import deflation and now your discount rate changes to-190, what is current PV of a bond? 5) You are still in time when 2d coupon was paid and assume deflation will prevail. Which coupon will be more valuable for you: 31d or 4h? Explain in one sentence. 6) Draw a picture depicting time path of a PV of a bond from period 2 until maturity (use stable deflation). State whether price curve will be straight line, concave or convex