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Bond Principal: R 5000000 Issue date: 30 June 2021 Maturity date: 15 September 2026 Coupon rate: 7.00% Coupon payment dates: 30 June and 31 December.

  • Bond Principal: R 5000000 
  • Issue date: 30 June 2021 
  • Maturity date: 15 September 2026 
  • Coupon rate: 7.00% 
  • Coupon payment dates: 30 June 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 103.475% for settlement on 10 December 2021 . The number of days from 30 June 2021 to 10 December 2021 is 163 and the number of days from 10 December 2021 to 31 December 2021 is 21 . 
  • What is the running yield on the bond?

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