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Hi Mr. Moffat
I was wondering if you by chance have a copy of this question as I am thinking BPP might have left out the nominal value of the 7% bonds in the question?
They note that the nominal value (par value) is $100 in the answer I just don’t know I would figure this out other than they should have printed the nominal value in the actual question?
Thank you so much if you are able to help!
I do not have the BPP Study Text – only the current edition of the Revision Kit – and so I am afraid that I cannot check this for you.
However, as I state in my free lectures, bonds always have a nominal value of $100 in the exam unless specifically told differently.
Thank you very much for the response. This has helped me a lot. I will be reviewing the lectures again 🙂
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