What price is paid for a P2000 par value 10-year bond with 8.4% coupons paid semiannually that is bought to yield 10% converted semiannually ? a) P 2,148.45 b) P 3,875.56 c) P 5,353.78 d) P1,800.60

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter14: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 7DTM
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What price is paid for a P2000 par value 10-year bond with 8.4% coupons paid semiannually that is bought to yield 10% converted semiannually ?

a) P 2,148.45

b) P 3,875.56

c) P 5,353.78

d) P1,800.60

 
 
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