You wish to purchase a bond which has the following properties: . . A face value of $15,000 Half-yearly coupons of 8% per annum Redemption is at par Redemption is at the discretion of the issuer and can be on or between 10 and 15 years from now . For all parts to this question, assume that all tax (income or capital gains tax) is payable immediately upon being incurred. You are subject to income tax and capital gains tax of 30%, and you require a net yield to redemption of 8% per annum. a. What price do you pay for this bond in order to guarantee a net yield to redemption of 8% per annum? Give your answer to the nearest cent. Exactly 4.25 years (i.e. 51 months) after buying the bond, for various reasons you need to sell the bond. Another investor is willing to purchase the bond from you. This investor is not subject to income tax but is subject to capital gains tax of 15%, and requires a net yield to redemption of 10% per annum. b. What price is the new investor willing to pay for the bond in order to guarantee a net yield to redemption of 10% per annum for themselves? You wish to purchase a bond which has the following properties: . . A face value of $15,000 Half-yearly coupons of 8% per annum Redemption is at par Redemption is at the discretion of the issuer and can be on or between 10 and 15 years from now . For all parts to this question, assume that all tax (income or capital gains tax) is payable immediately upon being incurred. You are subject to income tax and capital gains tax of 30%, and you require a net yield to redemption of 8% per annum. a. What price do you pay for this bond in order to guarantee a net yield to redemption of 8% per annum? Give your answer to the nearest cent. Exactly 4.25 years (i.e. 51 months) after buying the bond, for various reasons you need to sell the bond. Another investor is willing to purchase the bond from you. This investor is not subject to income tax but is subject to capital gains tax of 15%, and requires a net yield to redemption of 10% per annum. b. What price is the new investor willing to pay for the bond in order to guarantee a net yield to redemption of 10% per annum for themselves