For numbers 13, 14 and 15. Find the value of a P 50,000.00 bond with interest of 12% compounded semi- annually which is redeemable at 105% in 3 years that yields the purchaser 8% converted semi-annually.

For numbers 13, 14 and 15. Find the value of a P 50,000.00 bond with interest of 12% compounded semi- annually which is redeemable at 105% in 3 years that yields the purchaser 8% converted semi-annually.

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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Question

For numbers 13, 14 and 15.
Find the value of a P 50,000.00 bond with
interest of 12% compounded semi-
annually which is redeemable at 105% in 3 years
that yields the purchaser 8%
converted semi-annually.

15. Find the fair price of the
given bond. *
O a. P 55,319.56
b. P 57,217.92
O c. P 59,034.12
O d. P 61,491.41
O O O O

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