- This topic has 3 replies, 2 voices, and was last updated 9 years ago by
.
Viewing 4 posts - 1 through 4 (of 4 total)
- Posts
Dear Sir,
I refer my question to page 171 under Practice questions (# 12 Blue – Question C)
In the answer for debt calculation there is $78 at time zero. Kindly explain how you got that.The question says that the interest is about to be paid (and the interest on $100 nominal is $12). Therefore it is quoted cum int, and the ex int market value = 90 – 12 = $78.
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.