Sep/ Dec 17 Q1 ConejoForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Sep/ Dec 17 Q1 ConejoThis topic has 1 reply, 2 voices, and was last updated 5 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts September 4, 2019 at 5:29 pm #544830 MichaelMemberTopics: 7Replies: 5☆Hi John,In the coupon rate required from the new bond. The answer days 4.5665R + 83.71 = 100 this I understand. But then R = 3.57. how is 3.57 arrived at?Thanks in advance September 4, 2019 at 10:09 pm #544927 John MoffatKeymasterTopics: 57Replies: 54500☆☆☆☆☆By simple algebra !!4.5665R + 83.71 = 100subtract 83.71 from both sides:4.5665R = 16.29Divide both sides by 4.5665:R = 3.57!!AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In