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Sanlam Ltd bonds mature in 7 years and have a yield to maturity of 12.14 percent. The par value of the bonds is R973. The

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Sanlam Ltd bonds mature in 7 years and have a yield to maturity of 12.14 percent. The par value of the bonds is R973. The bonds have a 8.93 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. % 3. Find the capital gains yield or loss. %

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