Question 4 (9 Marks) a. Everest Group has issued a perpetual bond paying $1,000 coupon interests each year indefinitely. This perpetual bond, with a face value of $1000, is currently trading at a price of 30,000. Calculate the current interest rate of Everest Group's perpetual bond. Show all your calculations 3 marks You decide to pay $60,000 now to buy a perpetual bond, which will pay you and your inheritors $5,000 each year, forever, starting at the end of this year. b. If your required rate of return does not change, how much would you be willing to pay if this were a 30-year, annual payment, ordinary annuity instead of a perpetual bond? Show all your calculations. 6 marks