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A 13%, R41771 security, with interest payable on 28 February, 31 May, 31 August, and 30 November; is redeemable on 28 February 2023 at R99% and the investor wants to earn a yield of 5.69% per year. What is the redemption price of the security? (Give your answer rounded to 2 decimal places. If you think the answer is R1012.3456, type in 1012.35)
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'n 13%, R41771 sekuriteit, waarvan die rente betaalbaar is op 28 Februarie, 31 Mei, 31 Augustus, en 30 November; is aflosbaar op 28 Februarie 2023 teen R99% en die belegger wil 'n opbrengskoers van 5.69% per jaar verdien. Wat is die aflossingswaarde van die sekuriteit? (Gee jou antwoord afgerond tot 2 desimale syfers. As jy dink die antwoord is R1012.3456, tik in 1012.35)
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