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WILL RATE ASAP NEED HELP Lady whistledown Ltd is planning to invest in a 20 -year bond with a face value of $1,000 that pays

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Lady whistledown Ltd is planning to invest in a 20 -year bond with a face value of $1,000 that pays a 3.6 percent coupon (paying semiannually). The current market rate for similar bonds is 4.26 percent. (Round the final outcome to 2 decimal places) i) I What is the maximum price that he should pay for this bond? ( 8.5 marks) ii) Is the bond selling at a discount or at a premium and why? ( 2 marks) iii) If the company decided to issue a zero coupon bond and the market rate is 8%, what will be the price of this bond? (4.5 marks) Show workings

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