Question 2 (-1000 words) In April 2020, Plum Plc, issued 6 million, 5-year bonds, each with a face value of 100 and a coupon rate of 6%. The yield to maturity (YTM) of the bonds on the day of issue was 9%. a) How much money did the company raise from the bond issue? (3 marks) b) Calculate the duration of the bond when it was issued. (3 marks) c) If the bonds were to trade at a price of 112.76 in April 2021, what would the YTM be at that time? (3 marks) d) Explain the difference between a premium bond and a discount bond. (3 marks) e) By providing an example of each, outline the difference between a domestic bond and an international bond. (4 marks) f) Discuss in detail the risks faced by bondholders and how they can be measured and minimised. (9 marks) (Total 25 marks) Continued