CIMA Fundamentals of Business Economics BA1 Question # 120 Topic 13 Discussion

CIMA Fundamentals of Business Economics BA1 Question # 120 Topic 13 Discussion

BA1 Exam Topic 13 Question 120 Discussion:
Question #: 120
Topic #: 13

Brian has 80 bonds with a total market value of £2400. The interest rate on these bonds is 2.34%.

Using these figures, which of the following is the running yield of each of Brian's bonds?


A.

8.87%


B.

8.86%


C.

8.9%


D.

8.83%


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