QUESTION 1 (26 marks) Rampha Modise is a resident of South Africa. He entered into a loan agreement on 1 January 2023 where he borrowed R1 000000 . The loan agreement stipulates that Rampha Modise must do a repayment of R1 220000 on 31 December 2024. REQUIRED: 1.1. Calculate the yield-to-maturity applicable to the loan agreement. Clearly show all your financial calculator inputs. (5 marks) 1.2. Calculate the interest that Rampha Modise may deduct from his taxable income for 2023, 2024 and 2025 years of assessment by applying the yield-to-maturity method prescribed in section 24J. (16 marks) 1.3. Compare the total section 24J interest calculated in question 1.2. with the total interest deemed to be accrued according to cash flows in order to validate the accuracy of your calculations. (5 marks) QUESTION 2 (22 marks) On 5 June 2022 Green Limited, a resident of South Africa with a February financial year-end, purchased trading stock from an American supplier for $180000, when the spot rate was R18.52. The full purchase price of the trading stock must be settled on 31 December 2022. Green Limited purchased a foreign currency option from Finbank for $180000 for a six-month period at a strike rate of R18. A premium of R110 500 was paid on 5 June 2022 for this foreign currency option. On 31 December 2022, the spot rate was $1=R18.03. As a result, Green Limited let the foreign currency contract expire. Instead, Green Limited purchased the $180000 at a spot rate of R18.03 and settled the creditor on 31 December 2022. The average exchange rate for the 2023 year of assessment was $1=R18.31. REQUIRED: Discuss the normal tax consequences which arise from the above transactions for Green Limited's 2023 year of assessment in terms of the Income Tax Act. Support your answer with calculations and references to the Income Tax Act where applicable. (22 marks)