Question 1 10 years ago, Darby Property Limited issued $300 million Islamic Medium Term notes that pay 3.98% of coupon rate annually. The bond information is specified as follows: Stock description DARBY IMTN 3.98% 09.12.2022 Maturity date 09/12/2022 Issue tenure 3650 days Remaining tenure 269 days Issuer Darby Property Limited Issue date 11/12/2012 Coupon rate (%) 3.98 Nominal value or par value $1000 YTM 4.54% Issue amount $300 million = a. How much is the present value for each bond? b. How many bonds did Darby Property issue in order to raise $300 million? c. Calculate the total expense to Darby Property in the year (09/12/2022) when the bonds mature