Question: This is a subjective question, hence you have to write your answer in the Text-Field given below. Clean Energy bonds are bonds issued by a

This is a subjective question, hence you have to write your

This is a subjective question, hence you have to write your answer in the Text-Field given below. Clean Energy bonds are bonds issued by a company to fund renewable energy projects. Kuzlon India had raised financing for investing in wind power projects by issuing clean energy bonds with five years as a time to maturity. The green bonds were semi-annual bonds with an 6 p.a. (compounded semi-annually) coupon rate AAA rated. The Face value of the bonds was 21000. Since these bonds enabled capital raising for projects with environmental benefits, the clean energy bonds were issued at a premium at 108% of Face value. Calculate the yield to maturity of the bond as a APR (p.a. compounded semi-annually rate)? [5] Options

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