Part D,the calculation of Expected yield of oe leaf co’s bond for 15 years ,the part where they use 10 and 20 years figures and subtract them is confusing,why not use 5 and 10?
The reason is that my version of the BPP Revision Kit does not have a part (d) to Global Financial Markets. (They have obviously added a part (d) later!).
It wasn’t ever a real exam question otherwise I would have it.