QUESTION 3 A. Briefly explain each of the following: a. Bonds b. Convertible bonds c. Discount bond vs premium bond d. Foreign Bonds marks 8 B. A bond with a par value of $1 000 has a coupon rate of 5% and is expected to mature in the next thirty (30) years. The bond is reportedly now selling for $$1 172.90. Compute the bond's yield to maturity if you are to purchase at this price. 5 marks C. The following information is available about a bond: Face Value Coupon Rate Rate of return Maturity $1 000 6% 9% 25 years a. Determine the value of the bond. 5 marks 7 b. Determine the value of the bond if interest is paid semi-annually. marks C. What would value of the bond be if rate of return 4% compounded annually. 5 marks