2.2 Refer to the figure below and look at the Treasury bond with a par value of R1 000 maturing on 15 May 2024.

Maturity	Coupon	Bid	Asked	change	asked yield to maturity
31-Dec-20	1.750	100.040	100.044	0.008	1.641
15-Dec-21	2.625	102.216	102.222	0.032	1.418
15-May-24	2.500	105.054	105.060	0.750	1.356

a) How much would you (as an investor) have to pay to purchase 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?

e) How much would you receive if you have to sell one of these bonds? (5 marks)