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Characterise the following financial instruments: 0 7/8% Treasury Gilt 2029 (ISIN Code: GB00BJMHB534) and 4% Treasury Gilt 2039 (ISIN Code: GB00B3KJDS62). Explain how to calculate

Characterise the following financial instruments: 0 7/8% Treasury Gilt 2029 (ISIN Code: GB00BJMHB534) and 4% Treasury Gilt 2039 (ISIN Code: GB00B3KJDS62).

Explain how to calculate the interest rates (yield to maturity) on the two Gilts as of September 30, 2021. Provide details for the steps and your results.

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