10. (a) ABC bank purchased a Bank of Ghana bond which pays a semi-annual annual coupon of 25% with the face value of GHS 10m. Calculate its price if the current yield on the same 5 -year bond is 16%. (5 Marks) (b) XYZ bank purchased a Bank of Ghana bond that pays an annual coupon of 19% in January 2010 . The frce value of the bond is GHS 5m. What is the duration of this bond if the yield to maturity on the bond is 15% ? (5 Marks) (c) A. U.S. government bond with a 63/8% coupon that expires in December 2020. The bond was issued on January 1, 2016, and the required kamince: Professor Godfred A. Bokpin; GA: Mr. Michael O. Amponsah Page 2 of 4 annual yield is 5%. The Par Value of the bond is $1,000. Couppon paymens are made semi-annually (Jane 30 and December 31 for this bond). Find the price of the bond. (d) A Bond may either imde at a premum, par, or a discount. Discuss the conditions under which a bond will trade at par, a premm or a discount