coyote


{ City } kuwait
< Country > kuwait
* Profession * accountant
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Suppose you buy a one-year government bond that has a maturity value of Rs.1000. The market interest rate is 8 per cent. (a) How much will you pay for the bond? (b) If you purchase the bond for Rs.904.98, what interest rate will you earn from this investment?

 Accounting General 1572



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