MODULE CODE: 44-700131-BF-2020 QUESTION 4 ( 9 MARKS) You should assume that today is 18 January 2009 and that all the following stocks mature on 31st December Demonstrate by calculation, using the appropriate formulas, which of the following stocks is the most suitable for a) a non-taxpayer b) a basic rate taxpayer c) a 40% rate taxpayer 10.5% Treasury 2019/22 @ 108.25 6.75% Treasury 2011/18 @ 86.5 12% Exchequer 2019/23 @ 117.75 Focus 3 MODULE CODE: 44-700131-BF-2020 QUESTION 4 ( 9 MARKS) You should assume that today is 18 January 2009 and that all the following stocks mature on 31st December Demonstrate by calculation, using the appropriate formulas, which of the following stocks is the most suitable for a) a non-taxpayer b) a basic rate taxpayer c) a 40% rate taxpayer 10.5% Treasury 2019/22 @ 108.25 6.75% Treasury 2011/18 @ 86.5 12% Exchequer 2019/23 @ 117.75 Focus 3