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A Reserve Bank debenture (RBD) is issued by the South African Reserve Bank (SARB) with a nominal value of R 2000000 for 56 days at
A Reserve Bank debenture (RBD) is issued by the South African Reserve Bank (SARB) with a nominal value of R 2000000 for 56 days at an annual interest rate of 5.500%. Then, 35 days later (i.e. 21 days before the expiry), the RBD is traded at a market interest rate of 5.760%
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To calculate the amount that the issuer will pay at maturity for the Reserve Bank debenture RBD we c...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
