Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
100%
Find the annual interest and current yield of the following. Face value is pegged at 1,000.00. Provide a solution. Thank you!
Transcribed Image Text:A.Finding the Annual Interest and Current Yield, Face Value is pegged at P1,000.00
Company
Coupon Rate
Annual
Market Price
Current Yield
Interest
1.
Smart
6 5/8 %
91.125
2.
Mobiline
9 %%
108
3.
Globe
7 2%
125.25
4.
Handy
11 7/8 %
73.50
Digitel
5 3/8 %
84.375
5.
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