QUESTION FIVE: (0.5 Mark) ABC Ltd. issues 10,000 bonds, each with the face value of $1,000. The term of each bond is 20 years. The bond indenture of 10,000 bonds requires equal annual sinking fund payments so that all the sinking fund payments, invested to earn 5% per annum, accumulate to an amount at the end of 20 years, which is equal to the total face value of all 10,000 bonds.