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Sanlam Ltd bonds mature in 5 years and have a yield to maturity of 12.89 percent. The par value of the bonds is R975. The

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Sanlam Ltd bonds mature in 5 years and have a yield to maturity of 12.89 percent. The par value of the bonds is R975. The bonds have a 8.95 percent coupon rate and pay interest on a quarterly basis. Required: 1. Find the current price of the bond. R 2. Find the current yield of the bond. %6 3. Find the capital gains yield or loss. %

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