From the Following Extract of an Amortisation Schedule Pertaining to a Compound

question 31

Multiple Choice

From the following extract of an amortisation schedule pertaining to a compound financial instrument,what is the net liability (assuming the debenture has not yet been repaid) ,at the end of Period 10? $\begin{array}{|l|l|l|l|l|l|l|}\hline\text { Period } & \text { Opening } &\text { Effective } & \text { Coupon rate } &\text { Discount } &\text { Balance of } & \text { Net liability }\\&\text { liability }&\text { interest }&&\text { amortisation }&\text { discount }&\\\hline 0 & & & & & 736055 & 9263945 \\\hline 1 & 9263945 & 555837 & 500000 & 55837 & 680218 & 9319782 \\\hline 2 & 9319782 & 559187 & 500000 & 59187 & 621031 & 9378969 \\\hline 3 & 9378969 & 562738 & 500000 & 62738 & 558293 & 9441707\\\hline\end{array}$

• A)Nil
• B)£9 500 000
• C)£9 905 582
• D)£10 000 000

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Definitions:

Major Depressive Disorder

A mental disorder characterized by persistent feelings of sadness, lack of interest in activities, and possibly physical symptoms, affecting an individual's daily life.

Depressive Episode

A period characterized by symptoms of major depression, such as deep sadness, loss of interest, sleep disturbances, and feelings of worthlessness, lasting for at least two weeks.

Lethargy

A state of sluggishness, drowsiness, or lack of energy, which can be a symptom of various conditions.

Neurotransmitters

Chemical substances that transmit signals across a synapse from one neuron to another in the brain and nervous system.