Romaining Time: 1 hour 45 minutes, 12 second Question Completion Status 10 23 Movg Tonomer TIO Ww waves responses OB 10 Question 8 5 points Se Southland is a small island country in southern pacific. In order to meet their financing needs, Southlanders Toxed Income securities (bills and bonds) with maturity ranging from 1-month to 30-years. The bonds are issued in both domestic market in local currency and the international market in international currency. You are the finance manager of a company operating in Southland country and you are trying to calculate the cost of equity for your company. An input into the cost of equity would be the risk-free rate. The risk-free rate is generally proxied as the yield on the government fixed income securities. As mentioned above Southland has multiple fixed income securities. Among these, which security would you use as the proxy for risk-free rate Please elaborate your answer explaining the concept of risk-free rate and the reason for the security you will choose as a proxy risk-free rate. Paragraph Arial 3 (12pt) TTE HTML CSS fx Mashups C: MacBook Pro 96 5 L w 6 E R Y G HT