QUESTION 5 [30 MARKS] (a) Calculate the yield to maturity of a bond with a face value of $1,000 purchased for $920. The bond earns interest of 10 % and it will mature in 10 years. [5 marks] (b) The OMG bond has a $1,000 face value. The coupon rate is 6%, with interest paid semi-annually, and the bond having a maturity period of 5 years. If Investors require a yield of 8%, what is the bond's market value today? [5 marks] (c) Access to funds plays a very important role in the growth of a business organisation. Firms may resort to different internal or external sources of funds to meet different purposes towards the achievement of their ultimate goal. Discuss this statement. [20 marks]