Question $115$ Marks

Part $1$: $(3$ Marks$)$ Their outstanding bonds have a par value of $1,000$ UAE dirhams $($AED$),$ and they mature in $25$ years. The nominal yield to maturity is $9\mathrm{.}25\%$ per and's coupon interest rate? $(0\mathrm{.}5.$ Mark$)$ they are currently priced at $975$ AED.

a$.10\mathrm{.}32\%$

b$.,9\mathrm{.}71\%$

c$.,9\mathrm{.}32\%$

d$.11\mathrm{.}54\%$

e$.,8\mathrm{.}99\%$

f$.$ None of the answers