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Invest 250,000 on 5 August 2010, in the XYZ 0.5% bond maturing on 31 September 2015 at its current price of 103.24, what amount would
Invest 250,000 on 5 August 2010, in the XYZ 0.5% bond maturing on 31 September 2015 at its current price of 103.24, what amount would be available to him from his investment in September 2015
As per above, the bond pays annual interest at its maturity date, and on that same day and month each year prior to its maturity. Taxation and transaction costs should be ignored.
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