Questions 7 and 8 relate to the following situation:

Consider Bond ABC Coupon rate: 9,75% per year Yield to maturity: 11,4% per year Maturity date: 15 April 2045 Settlement date: 29 November 2019 Question 7 The accrued interest is

[1] R1,18207%.

[2] R1,20205%.

[3] R2,34537%.

[4] R5,87781%.

[5] none of the above.

Question 8

The clean price is

[1] R81,69720%.

[2] R85,22964%.

[3] R86,37296%.

[4] R86,39294%.

[5] R88,77706%.