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Hello John,
What does PC mean when asked in the question bond price is 95pc.
Would appreciate if you can clarify.
In future you must ask in the Ask the Tutor Forum if you wish me to answer – this forum is for students to help each other.
pc means per cent, it means that the bond price is $95 for $100 nominal.
(I do suggest that you watch the free lectures because this is explained in the lectures. Our free lectures are a complete course for Paper F9 and cover everything needed to be able to pass the exam well 🙂 )
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