What is the fair price of a bond assuming that the annual rate is 5.32% if its face value is Php 610,500, the maturity date is 29 years from now and that the coupon rate is 5.32 % payable quarterly? Round off the answer to two decimal places.
What is the fair price of a bond assuming that the annual rate is 5.32% if its face value is Php 610,500, the maturity date is 29 years from now and that the coupon rate is 5.32 % payable quarterly? Round off the answer to two decimal places.
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
Problem 4MC
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![What is the fair price of a bond assuming that the annual rate is 5.32% if its face value is Php 610,500, the
maturity date is 29 years from now and that the coupon rate is 5.32% payable quarterly? Round off the
answer to two decimal places.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff611c641-a16d-4b4b-ad76-84ffb0c37bbe%2F76c7d04b-f8e2-4cc0-a2a9-c97c766cfcb6%2Fjhlvmk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:What is the fair price of a bond assuming that the annual rate is 5.32% if its face value is Php 610,500, the
maturity date is 29 years from now and that the coupon rate is 5.32% payable quarterly? Round off the
answer to two decimal places.
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