[celinekoay]

May I know how you solve that question? I have no idea until now…

[celinekoay]

Hey, has anyone got the question about the effective annual rate in section A?

Question:
A company wants to invest the surplus funds. The nominal value of the loan note/ bond is $10000 and the current market value is $9938. The maturity date will be 45 days later. Assume 360 days per year.

Options given are 8.05%, 4.99%… (I could not remember the remaining two options given)

I have no idea about this question. Anyone could guide me on this?

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