A company has issued 12-year bonds, with face value of 1,500,000 in 1,000 units. Interest at 16% is paid quarterly. If an investor desires to earn 22% nominal interest on 150,000 worth of these bonds, what would the selling price have to be? a.Php 122,387.456 b.Php 124,376.465 c.Php 112,222.044 d.Php 145,276.354

A company has issued 12-year bonds, with face value of 1,500,000 in 1,000 units. Interest at 16% is paid quarterly. If an investor desires to earn 22% nominal interest on 150,000 worth of these bonds, what would the selling price have to be? a.Php 122,387.456 b.Php 124,376.465 c.Php 112,222.044 d.Php 145,276.354

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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