0. MAX Co., issued a 20-year bond with a face value of ₱100,000 with a coupon rate of 12%. Last year, the bond is quoted 95 1⁄2 and it is expected that the bond will be quoted a 98 3⁄4. The total return this year would be closest to: a. 15.97% b. 15.40% c. 3.40% d. 10.47% e. 12.10% f. 8.62%

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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10. MAX Co., issued a 20-year bond with a face value of ₱100,000 with a coupon rate of 12%. Last year,
the bond is quoted 95 1⁄2 and it is expected that the bond will be quoted a 98 3⁄4. The total return this
year would be closest to:
a. 15.97% b. 15.40% c. 3.40%
d. 10.47% e. 12.10% f. 8.62%

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