Q1 (a) Energy Dynamic is a company with 10 million shares outstanding. The current asset value is $80m and it has a zero-coupon corporate debt of $100m face value due in 5 years. Suppose companys asset volatility is 20% and the risk-free interest rate is 5% per annum with continuous compounding. The company makes no dividend payment. Apply the Black- Scholes model to estimate companys equity value. What is the share price? (b) Given your answers in part (iv), what is the yield to maturity on the debt?