QUESTION 4 a) Both Bond A and Bond B have 8% coupon rate. Bond A has 4 years to maturity, while Bond B is 14 years to maturity. Both bonds have 10% yield to maturity (YTM), and make semi-annually payment i) If interest rates increase by 4%, determine the percentage price change of both bonds. (8 marks) ii) If interest rate decrease by 4%, determine the percentage price change for both bonds (8 marks) iii) Explain the concept of maturity and coupon bonds based on the answer in part i and ii. (3 marks) b) Elaborate TWO (2) advantages of bond investing in comparison to stock investing. (6 marks) (Total: 25 marks)