iv$)$ Explain briefly how the key features of a typical bond facilitate lending and borrowing in public markets.

v$)$ Explain the method you would use to arrive at a price for the following government bond: it has a coupon of $3\%$ payable annually, has a term to maturity of $5$ years, and currently yields $5\mathrm{.}5\%.$

vi$)$ What would happen to the bond$$s yield to maturity $($YTM$)$ in part $($iv$)$ above

$($a$)$ if the coupon were lower

$($b$)$ if the bond$$s price were lower?

vii$)$ Explain briefly how the key features of a typical bond facilitate lending and borrowing in public markets.

viii$)$ Explain the method you would use estimate the price for a bond given that you know the coupon, the face value, the term to maturity, and a discount rate