Boris is interested to invest part of his savings. He has carried out some research and has compiled the following information, on opportunities to invest in bonds. He is a newcomer in the field of investment in bonds and has sought your advice. Annuity and factor values are as follows: (PVIFA) 6%, 5 = 4.212 (PVIFA) 15%, 17 = 6.047 (PVIF) 6%, 5 = 0.747 (PVIF) 15%, 17 = 0.093 REQUIRED: (a) (i) Calculate the current value of Bond A. (3 marks) (ii) What will happen to the value/price of Bond A as the bond approaches maturity? (1 mark) (iii)Calculate the current value of Bond B. (1 mark) (iv) Calculate the current value of Bond B if the time of maturity is six years. (1 mark) (v) Calculate the current value of Bond C. vi) What will happen to value/price of Bond C as the bond approaches maturity? (1 mark) (b) Briefly explain to Boris the circumstances which may affect prices and markets of bonds. (5 marks) (c) Explain to Boris how agency problems can arise in an investment business and measures that may be taken to prevent or minimise such problems