A Php1,500-bond which will mature in 12 years and with a bond rate of 14% payable annually is to be redeemed at par at the end of this period. It is sold now for Php1,390, determine the yield at this price
A Php1,500-bond which will mature in 12 years and with a bond rate of 14% payable annually is to be redeemed at par at the end of this period. It is sold now for Php1,390, determine the yield at this price
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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A Php1,500-bond which will mature in 12 years and with a bond rate of 14%
payable annually is to be redeemed at par at the end of this period. It is sold
now for Php1,390, determine the yield at this price
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