At 5% coupon rate,it is discounted at spot yield rate and at 6% coupon rate they have not used that in bpp revision kit and have used 6% rate to discount it.why they have not used spot yield rate at 6% coupon rate?thanks in advance
I am so sorry but I am away on vacation at the moment and I do not have the BPP Revision Kit with me 🙁 I would have checked against the actual exam question, but the ACCA does not have the exams before 2012 on their website.
I get home on 13 October, and so if you ask again then I will answer immediately.