QUESTION $2$

$25$ MARKS

$2\mathrm{.}1$ Refer to the Treasury bond with a par value of R$1000$ maturing on $15$ May $2024$ in the figure below.

a$)$ How much would an investor receive to sell one of these bonds?

b$)$ How much would you receive as a coupon if coupon payments on this bond are semi$-$annual?

c$)$ What is the current yield of the bond?

d$)$ How much was the closing asked price of the bond the night before?

$(5$ marks$)$