Question 4 (3 marks) Callaghan bonds have 10 years remaining to maturity. Interest is paid annually, the bonds have R1 000 par value and the coupon rate is \8. The bonds have a YTM of \9. What is the current market price of the bonds? (3) Question 5 (6 marks) Thatcher bonds will mature in 10 years. The bonds have a face value of R1 000 and \8 coupon rate, paid semi-annually. The price of the bonds is \\( \\mathrm{R} 1100 \\). The bonds are callable in 5 years at a call price of R1 050. What is the YTM and YTC . (6)