Dec 2020 section A

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March 3, 2022 at 4:58 pm #649747
meeruraj
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0·45 million 6·5% bonds in issue. Each 6·5% bond has a nominal value of $100, and is currently trading at $104 per $100.

Y dont we calculate the market value like this = (104/100)*0.45
March 4, 2022 at 7:40 am #649786
John Moffat
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The question does not say that the nominal value is $0.45m, it says that there are 0.45m bonds.

Each each bond has a MV of $104 and if there are 0.45m of them then the total MV is 104 x 0.45M = $46.8m.
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