QUESTION 3 (20 MARKS) Agnes and a few friends have established a private real estate investment fund. They have purchased a number of residential and retail properties in parts of Accra. In order to enhance the liquidity of their portfolio, they have decided to purchase a T-bill that is 182 days from maturity for GH49,765. The T-bill has a face value of GH10,000. a. Explain what is liquidity risk? (2 Marks) b. Distinguish between the discount, interest and compound rates of return as they relate to Treasury bills. (6 Marks) c. Calculate the T-bill's quoted yield. (4 Marks) d. Calculate the T-Bill's bond equivalent yield. (4 Marks) c. Calculate the T-bill's effective annual yield. (4 Marks)