a) Consider a bond that pays 8% coupon rate annually and has a face value of 10,000.Calculate the yield to maturity if the bond has

(i) (ii)	20 years remaining to maturity and it is sold at K12,000 10 years remaining to maturity and it is sold at K9,500	[4 Marks] [3 Marks]
Given the two scenarios in (i) and (ii) above, using the yields computed,
which of the two relates to a bond sold at a premium?	[1 Marks]
b) Lafarge bonds have 10 years remaining to maturity. Interest is paid annually and the bonds have 10,000 par value, 8% coupon rate and required rate of return of
9%.what is the current market price of these bonds?	[3 Marks]

c) Lafarge has another bond issue outstanding with an annual coupon rate of 8% paid semi-annually and 7 years remaining to maturity. The par value is 10,000.Determine the current value of the bond if market conditions justify a 14%, compounded semi-annually, required rate of return. [3 Marks] d) Muunga deposits a K3, 000 at the end of every 3 months into a savings account that pays interest at 8% compounded quarterly. How much in money is in his account after 4years? [3 Marks]