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1. SCP Corporation would like to purchase a bond that has a par value of P1,000, pays P80 at the end of each year in
1. SCP Corporation would like to purchase a bond that has a par value of P1,000, pays P80 at the end of each year in coupon payments, and has 10 years remaining until maturity. If the prevailing annualized yield on other bonds with similar characteristics is 7.5 percent, how much will SCP pay for the bond?
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
9781119563099
