Wesfarmers Ltd. is planning to issue a number of 90 - day commercial paper with a face value of $1,000,000 to manage its working capital. If the yield to maturity for Nesfarmers' commercial paper is 3% per annum and the company wishes to raise a total of $50,000,000, how many commercial paper will Wesfarmers issue? Round up our final answer to a whole number. [4 marks] The company is also issuing 5 -year bonds with a face value of $1,000 and a semi-annual coupon payment of $40. If the bonds are currently selling for $1050, use bon ricing theories to identify which of the following statements on the annual yield to maturity of the bonds is true. Explain briefly [3 marks] YTM 8% Assume an investor bought a bond at issuance for $1050 and kept the bond until maturity. Draw a timeline and set out each cash flow that he paid and received from is investment in the bond and calculate the holding period yield per annum he earned on this investment. [8 marks]