Question 1 10 years ago, Darby Property Limited issued $300 million Islamic Medium Term notes that pay 3.98% of coupon rate annually. The bond information is specified as follows: Stock description Maturity date Issue tenure Remaining tenure Issuer Issue date Coupon rate (%) Nominal value or par value YTM Issue amount DARBY IMTN 3.98% 09.12.2022 09/12/2022 3650 days 269 days Darby Property Limited 11/12/2012 3.98 $1000 4.54% $300 million a. How much is the present value for each bond? b. How many bonds did Darby Property issue in order to raise $300 million? c. Calculate the total expense to Darby Property in the year (09/12/2022) when the bonds mature. ||