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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.
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