Metcash Ltd is issuing 8-year bonds with a coupon rate of 6.5 per cent and semiannual coupon payments. If the current market rate for similar bonds is 8 per cent, what will be the price of the bond? If the company wants to raise $1.25 million, how many bonds does the company have to sell?(20 Marks)

Based on above Metcash financing matter, discuss other possible way Metcash may like to raise the same amount of fund to meet its financing needs. Your discussion should consider future cashflow issues here.(10 Marks)