CIMA Exam CIMAPRA17-BA1-1 Topic 1 Question 73 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam

Question #: 73
Topic #: 1

The company flowbo Ltd. currently owns 25 bonds with a total nominal value of 1,000. The bill rate is currently 7%. The market value of the bonds is currently 14.5% higher than the nominal value of each individual bond

plus the bill rate.

Which of these is the difference between the nominal value of the bonds plus the bill rate payout and the market value of each bond?

Express your answer in whole pounds.

A1,021

B1,070

C1,225.15

D1,155.12

Show Suggested Answer

Suggested Answer: C

by Lavonda at Aug 07, 2023, 02:52 AM

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Tony

4 days ago

I think the answer is A) 1,021.

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