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ABC Limited acquired 9 0 0 XYZ bonds on 1 May 2 0 1 6 for R 9 3 , 7 5 0 . The

ABC Limited acquired 900 XYZ bonds on 1 May 2016 for R93,750. The bonds have a face value of R100 each. Interest on them is charged at 8% per annum and is paid every six months, at 30 June and 31 December. Reilly acquired an additional 300 similar XYZ bonds on 1 December 2016 for R30,400. ABC sold 500 of these XYZ bonds on 31 March 2017 for R52,500. The XYZ bonds were trading at 102,5% on 30 June 2016(30 June 2015: 102%). ABC measures its financial assets at fair value through profit or loss market value. Ignore transaction costs.
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If ABC Limited acquired the 900 XYZ bonds at R93,750, what was the price per bond?
(1 Point)*
R100
R103.5
R104.17
R105
R106.259
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