A P10 000.00 bond that pays P300.00 quarterly matures in five years. Determine the discount or premium to be offered an investor who desires a yield of 14% to maturity.
A P10 000.00 bond that pays P300.00 quarterly matures in five years. Determine the discount or premium to be offered an investor who desires a yield of 14% to maturity.
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
Problem 5P
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A P10 000.00 bond that pays P300.00 quarterly matures in five years. Determine the discount or premium to be offered an investor who desires a yield of 14% to maturity. (Ans. Bd=P476.30)
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