Miles is a personal investment client of yours. He owns and operates a large

corporation in the area and is looking to raise funds to expand his operation. He is considering all his options, including issuing a corporate bond. He has come to you for some advice regarding corporate bonds. Please advise on him on the following

a$)$ What do the following terms mean $$ par value, maturity date, coupon rate, coupon payment, and bondholder?

b$)$ If Miles$$s corporation issues a $$150,00010-$year bond that pays a $9\%$ coupon, how much will the company be required to pay as a semi$-$annual coupon payment? What is the total cost to the corporation when the bond comes due?

c$)$ Miles is also considering issuing a Treasury Bill, what are two differences between a Treasury Bill and a Bond