Question 3 (25%) The following data provides information about four alternatives of bonds. Provide your explanation whether you will invest in the bonds. Please show workings for each question. (a) You are thinking of buying IBM bond that has 6.25% coupon rate and maturing in 20 years. The bond is currently trading at $920. The bonds pay interest semi-annually. If your required rate of return is 8%, would you buy the bond. (b) Suppose that ADCB bank has a bond listed at the Dubai Financial Market. The bond pays 6% coupon rate and the principal is due in 21 years. The current price of the bond is $680. The bond pays interest semi-annually. If your required rate of return for such bonds is 10%, would you buy the bond? (c) GULF food Company bonds have 7% coupon rate, they pay interest semi-annually, and they will mature after 12 years. In Abu Dhabi stock exchange, these bonds are selling at $900 each. If your required rate of return is 8%, would you buy one of these bonds? (d) You are planning to buy DP world's bond that pays a coupon of 6.25% and will mature after 10 years. The bond is currently trading at $790. The bonds pay interest semi- annually. If your required rate of return is 11%, would you buy these bonds