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Question 9 The interest on a 10% debenture stock is paid half yearly on 30 June and 31 December. On 30 April an investor bought

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Question 9 The interest on a 10% debenture stock is paid half yearly on 30 June and 31 December. On 30 April an investor bought R250 stock at 1041; brokerage and expenses amounted to R7,12. Required: What was the net cost of the investment? What is the annual yield in cents per R100 invested

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