Mandin Ple. has decided to raise additional financing for its Mandeville operations by doing a new issue of bonds. The bonds will be issued as $10-$year bonds, with a coupon rate of $10\%,$ payable semi$-$annually. The date of issue is January $1,2024,$ and their par value is $$1,000.($i$)$ What is the projected maturity date of this bond? Please state the month, day, and year.$(2$ Marks$)$ii$)$ What is the expected value of the bonds on December $31,2029,$ if market rates were$12\%?$ How would the bonds be classified?$(8$ Marks$)($iti$)$ What is the yield to maturity on the bonds at December $31,2031,$ if their price is$(5$ Marks$)$$$960?($iv$)$ What is the current yield on the bonds at December $31,2031,$ if their price is $$960?(5$ marks$)$b$.$ The company wants to reduce their annual interest expense if interest rates in the economy fall to $5\%$ per annum.$(1)$State the name of the provision in the bond contract that would enable them to$(2$ marks$)$reduce their interest payments.$($i$1)$Explain this process, indicating the effect on the company's interest payments$(3$ marks$)$