Virgin Australia is considering issuing zero-coupon bond and bond with 6% coupon to finance its next network expansion and reconfiguration of their fleet to introduce lie-flat Business Class seats. Required: (a) Calculate the price of a 10-year corporate bond with a face value of $1,000 and yield to maturity of 8%, compounded once annually. (b) If Virgin Australia wants to raise $50 million, calculate the number of bonds it has to sell. (3 marks) (2 marks)