3. A company has issued 10-year bonds, with a face value of P1,000,000, in P1,000 units. Interest at 16% is paid quarterly. If an investor desires to earn 20% nominal interest on P100,000 worth of these bonds, what would the selling price have to be? 4. A P1,500-bond which will mature in 10 years and with a bond rate of 15% payable annually is to be redeemed at par at the end of this period. If it is sold now for P1,390, determine the yield at this price. 5. A man was offered a Land Bank certificate with a face value of P100,000 which is bearing interest of 8% per year payable semi-annually and due in 6 years. If he wants to earn 6% semi-annually, how much must he pay the certificate