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14. Suppose that a 7.25% R15 000 security with interest payable quarterly in arrears, will be redeemed at R93%. The quarterly interest is: (a) R13

14. Suppose that a 7.25% R15 000 security with interest payable quarterly in arrears, will be redeemed at R93%. The quarterly interest is: (a) R13 950.00 (b) R271.88 (c) R1 087.50 (d) R3 487.50 (e) None of the above

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