Question: This question is based on the following information on a bond: [ Bond - Principal: R 5 000 000 Issue date: 1 July 2021 Maturity

This question is based on the following information on a bond: [ Bond - Principal: R 5 000 000 Issue date: 1 July 2021 Maturity date: 30 June 2026 Coupon rate: 7.00% Coupon payment dates: 1 July and 31 December. The bond register closes one month before the coupon payment dates]. Suppose that the bond traded at a market price of R 99.862% for settlement on 15 July 2021. The number of days from 01 July 2021 to 15 July 2021 is 14 and the number of days from 15 July 2021 to 31 December 2021 is 169. What is the annual yield the buyer in the secondary market receives? (note: if the answer is 5.55%, answer 5.55). Answer: ____%

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