Question 2 a) WBS corporation just issued a 6% coupon bond with par value 100 and maturity of 5 years. The bond pays its coupons once a year. The market yield for the bond is 4%, what is the market price and the duration of the bond? (25 marks) b) Would the bond above trade at the same market price if it had a convertible option? Justify your answer. Explain the difference between ordinary bonds and convertible bonds. (5 marks) c) Explain the relationship between coupons and duration (5 marks) (1000) words excluding calculations