Enrique paid USD 116,250 for the USD 100k ROP bond he bought 10 days after the issuance date. The coupon rate of the bond is 8.75%. What was the offer price of the bond closest to? а. 118 b. 112 C. 116 d. 120
Enrique paid USD 116,250 for the USD 100k ROP bond he bought 10 days after the issuance date. The coupon rate of the bond is 8.75%. What was the offer price of the bond closest to? а. 118 b. 112 C. 116 d. 120
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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![Enrique paid USD 116,250 for the USD 100k
ROP bond he bought 10 days after the
issuance date. The coupon rate of the bond is
8.75%. What was the offer price of the bond
closest to?
a. 118
b. 112
c. 116
d. 120
Gail bought PHP 1.0MM of RTB with quarterly
coupon interest at 7% gross. If the RTB is for 3
years, how much will she receive on the
maturity date?
a. PHP 1,000,000
b. PHP 1,028,000
c. PHP 1,014,000
d. PHP 1,070,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa4a09c7a-8f98-4e47-b7e8-0f988a65d00f%2Fc9784075-48cb-4f94-8c62-fed30acf23ab%2F9apqoq4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Enrique paid USD 116,250 for the USD 100k
ROP bond he bought 10 days after the
issuance date. The coupon rate of the bond is
8.75%. What was the offer price of the bond
closest to?
a. 118
b. 112
c. 116
d. 120
Gail bought PHP 1.0MM of RTB with quarterly
coupon interest at 7% gross. If the RTB is for 3
years, how much will she receive on the
maturity date?
a. PHP 1,000,000
b. PHP 1,028,000
c. PHP 1,014,000
d. PHP 1,070,000
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