QUESTION 2 Consider a corporate bond with a 1000 face value, 7 years to maturity and a yield to maturity of 4 percent. The coupon rate is 5 percent and the coupon payments are made semi-annually. What is the current price of this bond? [8 marks] QUESTION 3 You take out a three-year loan for 45,000. The loan requires equal annual payments and the interest rate is 11.9 percent. REQUIRED: a. Calculate the equal annual payment required. [4 marks) 6. Prepare an amortisation schedule for the loan repayments. N [6 marks]