contractor has received a major highway construction contract that will require 50,000 stone can be obtained from a quarry for cubic meters of crushed stone each year for 5 years. The $7.80/cubic meter. As an alternative, the contractor has decided to try to buy the quarry. if he owned the quarry, the stone would cost him only $6.30/cubic meter. e believes that He thinks he could resell the rate, how much would he be quarry at the end of 5 years for S200,000. If he uses a 12% pa inter willing to pay for the quarry? Write your answer in dollars to the nearest integer.e.g.9 est Section III: BONUS Section: Problem Solving- Fill in the Blanks (Maximum Points 5) Note: Write your answer with appropriate units in Sheet. Answer all 3 questions correctly to score the maximum 5 bonus points. Points per correct answer, ds clcar and legible handwriting in the blank on your Answer shown. Answer guestions L and 2, using the following information: You bought a $1,000 corporate bond for $900 three ycars ago. It pays $30 in coupon interest at the end of . What is the bond's coupon interest rate per year? Write your answer as a percentage with two decimal 2, Compute the bond's current value assuming the market interest rate for such investments is currently 5% 3. A 7% p.a. coupon rate bond has a face value of $1,000, pays coupon semiannually, and will mature in 10 every 6 months, and will mature in 4 more years. places. ea 1.23% p.a., compounded semiannually (1 point) S123 (2 points) years. Ifthe current market interest rate is8% pa, compounded semiannually, what is the bond's current market price? with two deci eg S123 (2 points)