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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? 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
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
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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
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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