Question Five: Bonds (Total 8 marks) a) In your own words, explain why bond investments may be more attractive over stocks to some investors. [Word limit: 30 words) (2 marks) Present your explanations here: b) Why would the periodic cash inflow from coupon payments be attractive to certain bondholders? In your explanation, give a simple example that illustrate your point. [Word limit: 50 words] (2 marks) Present your explanations here: c) CleanUp Industries Inc. is issuing a zero-coupon bond that will have a maturity of thirty years. The bond's par value is $1,000, and the current yield on similar bonds is 5.5%. What is the expected price of this bond, using the semiannual convention? (2 marks) Present your formula here: Present your working and final answer here (clearly label the unit of measurement, i.e., $ or %): d) Free-Up Inc. has issued 30-year semiannual coupon bonds with a face value of $1,000. If the annual coupon rate is 8% and the current yield to maturity is 5%, what is the firm's current price per bond? (2 marks) Present your formula here