Splash Corp is a US international firm that makes snow and water equipment, such as snow tubes and Water Park rafts. Splash currently has two bonds outstanding. Dataile nfen.. such as snow tubes and Bond #2 has a sinking fund requirement that begins in year 11 with a required return of 4.7%. Bond #2 was issued for $250 million and was used to finance the development of a new line of children's skis. 1. Compute the price of Bond #1. 2. Compute the yield to maturity of Bond #2. 3. Compute the sinking fund payment on Bond \#2. 4. Define default risk, explain how a ratings agency might assign a rating on Splash bonds, and identify which bond is more likely to have the highest default risk. 5. Define interest rate risk, explain how a bondholder might evaluate the level of interest rate risk on the Splash bonds, and identify which bond is more likely to have the higher interest rate risk