Mohamed bought 5 bonds of a consulting company with the coupon rate of 8% per annum for each bond. The par value of the bond is AED 1,000. The bond was issued for AED 850. The maturity of the bond is 10 years. Required: a) Calculate total annual coupon payment for Mohamed. (3 marks) b) Calculate current yield (2 marks) Will Yield to maturity be more than coupon rate? Justify your answer (2.5 marks) d) Identify the type of bond price in this case. (Discounted/Premium). Justify your answer using interest rate calculated above. (2.5 marks) Bond Formulas: Annual Coupon payment=Par value *coupon rate % Current Yield=Annual coupon payment/issued price *100