Part A (a) You are taking out a $520,000 mortgage loan for your business to be repaid over 8 years in equal fortnightly payments of $4,200 (that is, payments will be made at the end of each fortnight). Use a financial calculator where appropriate. a) What is the annual percentage rate (APR) on this loan, compounded fortnightly? [4 marks] b) What is the effective annual rate (EFF) on this loan? [2 marks] c) Calculate the amount which will be shown in the balance sheet of the business at the end of the first year. [2 marks] (b) Atlas Company bonds have a coupon rate of 15%, paid semi-annually, a face value of $1,000, and mature at the end of 20 years. What is the current price of this bond if its yield to maturity is 13.5%? (4 marks]