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

Limited Time Offer

25%

Off

Get Premium CIMAPRA17-BA1-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Kathrine

4 days ago

Oh boy, I hope I don't bond-age myself with a wrong answer here.

upvoted 0 times

...

Gregoria

13 days ago

Alright, time to flex my financial wizard muscles! Let's do this.

upvoted 0 times

...

Ronnie

18 days ago

Hmm, this looks tricky. Gotta keep a cool head and crunch those numbers carefully.

upvoted 0 times

Oren

3 days ago

A) 1,021

upvoted 0 times

...

Alayna

18 days ago

I'm not sure, but I think Gerald might be right. The market value being 14.5% higher than the nominal value plus the bill rate makes sense for option C.

upvoted 0 times

...

Gerald

19 days ago

I disagree, I believe the correct answer is C) 1,225.15.

upvoted 0 times

...

Tony

26 days ago

I think the answer is A) 1,021.

upvoted 0 times

...