Question 2 a) You are offered an investment that will make three $5,000 payments. The first payment will occur four years from today. The second will occur in five years, and the third will follow in six years. If you can earn 11 percent, i) what is the most this investment is worth today? AP (5) ii) What is the future value of the cash flows? AP (5) b) The Graphic Business currently has given the following quotes between : $ as: Spot = 5.4320 5.4500 1-month forward rate = 5.4307 5.4485 Required: The manager of an enterprise that deals in automobile parts currently has GHC50, 000 and wishes to import goods from Texas in the United States. As a prospective university graduate with knowledge in finance, recommend to the manager whether he should import now or a months time assuming prices will remain constant. EV (8) c) Distinguish between fixed rate bond and floating rate bond. EV (7)