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Calculate the amount paid for the stock

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Reference no: EM131077231

Meek mill bought £75,000 (nominal value) of 3¾% debenture stock with each £100 (nominal value) of stock costing £90.

(a) Calculate the amount paid for the stock.

She held the stock for 3 years.

(b) Calculate

(i) the total interest earned

(ii) the total percentage yield on amount invested.

Reference no: EM131077231

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