The market price of a Qbiz bond with a 9% interest rate and a maturity of 25 years is now $1,030. If the bond is called in 7 years at 105% of par. Determine the yield on a callable bond that pays quarterly. COVID-19 vaccine hopes are driving the stock-market rally and analysts predict that the stock markets will respond positively to the COVID-19 vaccine development with reducing the stock market volatility. Based on the Gordon Growth Model there are three factors (i.e., next dividend, expected dividend growth rate, and investors' expected discount rate) that determine stock price. Using the Gordon Growth Model, explain how COVID-19 vaccine development positively would impact stock markets. (3 Marks) (i) Briefly explain what the market prediction is about the movement of short-term interest rates in the future (3 marks) (ii) What might the yield curve indicate about the market's predictions about the inflation rate in the future