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Calculate the Price (Per $100 of Face Value to 6

question 66

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Calculate the price (per $100 of face value to 6 dps) of the 4.5 per cent 15 April 2020 Treasury bond when purchased on 15 April 2015 at 5 per cent.


Definitions:

Hadley Cells

Atmospheric circulatory patterns between the equator and 30 degrees latitude in both hemispheres, characterized by rising warm air near the equator and sinking cool air in the subtropics.

Ocean Currents

Large scale movements of seawater that circulate the world's oceans, driven by factors such as wind, salinity, and temperature gradients.

Average Precipitation

The mean amount of rain, snow, sleet, or hail that falls in a region over a set period, usually measured in millimeters or inches.

Average Temperature

The mean value of temperature taken over a specified period of time which indicates the overall climate pattern of a region.

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