Kelly Limited is issuing a 15-year, $1,000 face value, 8% annual coupon bonds to finance its operations over the medium to long term. Required: i. If interest is paid annually, what is the value of the firm's bond when the required rate (4 marks) of return is 12%. ii. Indicate, for each case above, whether the bond is selling at a discount, at a premium (1 mark) or at a discount. ui. If firm bonds are sold for $1.120, what will be the approximate yield to maturity of the (3 marks) bonds if it has 10 years to maturity?