<1> As at 31 December 2021 Don plc reported trade debtors of 1.5 million and trade creditors of 1.1 million. For the year ending 31 December 2021 Don plc reported revenue of 16 million and gross profit of 6 million. What were the average debtor days for the year ending 31 December 2021 (to the nearest day) ?

a. 40 days

b. None of these options

c. 34 days

d. 55 days

e. 25 days

<2>

Generally, a bond can be valued as a package of

a. annuity and perpetuity only.

b. annuity, perpetuity, and single payment.

c. perpetuity and single payment only.

d. annuity and single payment only.

<3> Blackwell bonds have a face value of 1,000 and are currently quoted at 98.4. The bonds have a 5 percent coupon rate. What is the current yield on these bonds? (Use two decimals)

a. 49.2%

b. 5.00%

c. 98.4%

d. 5.08%