i ) Question 3 You intend to purchase a 10-year, 1,000 par bond that pays c60 coupons every 6 months. If the required return is 10% per year, how much should you be willing to pay for the bond and determine the current yield? (3-marks) ii) To triple c1 million, Michael invested today at an annual rate of return of 9 percent. How long will it take Michael to achieve his goal? (2-marks) 111) The firm of Sun and Moon purchased a share of Sunshine.com common stock exactly one year ago for c45. During the past year the common stock paid an annual dividend of c2.40. The firm sold the security today for c85. What is the rate of return the firm has earned? (2-marks) iv) Deborah plans to invest an equal amount of c2,000 in an equity fund every year-end beginning this year. The expected annual return on the fund is 15 percent. She plans to invest for 20 years. How much could she expect to have at the end of 20 years? (3-marks)