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5. Based on The Trinidad & Tobago Stock Exchange Limited Daily Government Bond Trading and Quotation Summary on August 7, 2019, approximately 7.75 years after

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5. Based on The Trinidad & Tobago Stock Exchange Limited Daily Government Bond Trading and Quotation Summary on August 7, 2019, approximately 7.75 years after issue, the bond traded on the secondary market at a yield to maturity (YTM) of 4.80%, with a price of S1110.00 (per $1,000 face value). Prove the accuracy of the traded bond price based on this yield to maturity (YTM). 10 Marks 6. Compute the bond's current yield based on the last traded price computed in question 5. 3 Marks

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