On 15/7/2021 a $5,000 (par value) government bond was issued at a gross redemption yield of 3% per annum convertible half-yearly. The coupon is 2% per annum payable half-yearly on 15/1 and 15/7. Bond will be redeemed at par on 15/7/2029. a. Calculate the issue price of the bond. (2 marks) b. The bond was bought at issue price by an investor subject to income and capital gain taxes of 30% each. Estimate the half-yearly effective net yield for the investor, using linear interpolation. Explain how you determine your initial trial yield. (10 marks)