• Bond Principal: R 5000000 
• Issue date: 30 June 2021 
• Maturity date: 15 September 2026 
• Coupon rate: 7.00% 
• Coupon payment dates: 30 June and 31 December. 
• The bond register closes one month before the coupon payment dates. 
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• Suppose that the bond traded at a market price of R 103.475% for settlement on 10 December 2021 . The number of days from 30 June 2021 to 10 December 2021 is 163 and the number of days from 10 December 2021 to 31 December 2021 is 21 . 
• What is the running yield on the bond?

Answer rating: 100% (QA)

Running yieldalso known as income yieldis a measure of the a... View the full answer