Question 2 Singular trading is a locally listed company. The Board of Director suggests either issuing bonds or shares in order to raise capital for a new project. a. Can you suggest advantage and disadvantage for issuing shares and bonds from view of shareholders? Explain. (5 marks) b. Suppose the company issues 4 percent annual-pay bond with a face value of $1,000 that matures for resting 8 years. If the yield-to-maturity is 5 percent, what is the price of this bond? (8 marks) C. Suppose the preferred share is expected to pay a $5 dividend for every quarter and the required return is 6 percent yearly. What is the price of this preferred share