15 1 p On 1 January 2017, a company bought R3 million par value municipal bonds with a coupon rate of X% for R 2 772 552 (when the mark rate was 10%). The related transaction costs paid by the company were R 30,000. The bonds mature at nominal value on 1 January 20 interest is paid annually in arrears. The bonds were classified as financial assets measured at amortised cost. If the effective interest rate is 9,724 %, what will the annual interest payments (as per the coupon rate) be? OR 2 688 364 R 240 000 R 247 914 OR 1228 201