a. What is the value of a 5-year 5.8% annual coupon bond if the appropriate discount rate is 7.3%? b. You are planning to purchase the above coupon paying bond, strip it into package of zero securities and sell them in discount bonds market. Evaluate the package of synthetic zero securities and tell what should you do to earn arbitrage profit? Appropriate rate for discounting each cash flow is as follows: Year Discount Rate 1 5.90% 2 6.40% 3 6.60% 4 6.90% 5 7.30%