- #1
Lungi Mchunu
- 2
- 0
Nominal Value: R3 000 000
Issue Date: 1 January 2006
Expiry Date: 30 June 2006
Interest Rate: 9,25%
On 25 February this instrument trades at an interest of 8,50%. The number of days from 1 Jan 2006 to 25 February is 55 days, from 25 February to 30 June is 125 days and from 1 Jan 2006 to 30 June 2006 there are 180 days. What is the consideration in the secondary market?
PLEASE HELP!
Issue Date: 1 January 2006
Expiry Date: 30 June 2006
Interest Rate: 9,25%
On 25 February this instrument trades at an interest of 8,50%. The number of days from 1 Jan 2006 to 25 February is 55 days, from 25 February to 30 June is 125 days and from 1 Jan 2006 to 30 June 2006 there are 180 days. What is the consideration in the secondary market?
PLEASE HELP!