Q3. Kingston Outlet company recently filed for bankruptcy. The company was reorganized as Fashion Outlets, Kingston, and the court permitted a new indenture on an outstanding bond issue to be put into effect. The issue has 10 years to maturity and a coupon rate of 10 percent, paid annually. The new agreement allows the company to pay no interest for 5 years. Then, interest payments will be resumed for the next 5 years. Finally, at maturity (Year 10), the principal plus the interest that was not paid during the first 5 years will be paid. However, no interest will be paid on the deferred interest. If the required annual return is 20 percent, what should the bonds sell for in the market today? And give your opinion about the bonds investment in that price of selling (CLO3) (75-100 words) (5 Marks).