Dias is a listed company that operates in the mining sector, and the majority of its operations is in diamond mining. The company wants to purchase a new intelligent machine that helps scan the ground where diamonds are mined. The new machine is going to cost R5,000,000. To fund this machine, the company has just issued a number of 5 -year corporate bonds, each with a coupon rate of 9.5% and a par value of R100,000. These bonds are currently trading in the bond market at R120,000 each. Dias has 100,000 issued shares at a current share price of R105 each, with a dividend yield of 5%. What is the current yield on each bond issued by Dias? Please show all calculations