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Why is that on debt value when finding current debt market value you always have to divide by 100?
May you elaborate @syedmushahid because am quite confused
Unless told otherwise (which is unlikely) debt is always traded in units with a nominal/par value of $100. Therefore the MV of one unit is the MV for $100 nominal.
All of this is explained in detail in my free lectures. The lectures are a complete free course for Paper FM and cover everything needed to be able to pass the exam well.
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