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
Related questions
Question
A bond with a par value of P1000.00 and with a bond rate of 9% payable annually is to be redeemed at P1050.00 at the end of 6 years. If it is sold now, what should be the selling price to yield 8%? (Ans. P1077.74)
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