Choose the correct letter from the choices! Find the bond premium and purchase price of a 7%, m=2, Php 15,000 bond redeemable at par at the end of 13 years and is priced to yield 6% converted semi-annually? (Premium or Discount). Bond Premium Choices: a. 16,784.68 b. 16,785.68 c. 16,786.68 d. 16,787.68 Purchase price choices: a. 1,787.68 b. 1786.68 c. 1785.68 d. 1784.68

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 14P: Current Yield with Semiannual Payments A bond that matures in 7 years sells for $1,020. The bond has...
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Choose the correct letter from the choices!

Find the bond premium and purchase price of a 7%, m=2, Php 15,000 bond redeemable at par at the end of 13 years and is priced to yield 6% converted semi-annually? (Premium or Discount).

Bond Premium Choices:

a. 16,784.68

b. 16,785.68

c. 16,786.68

d. 16,787.68

Purchase price choices:

a. 1,787.68

b. 1786.68

c. 1785.68

d. 1784.68

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