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3. Khalil plans to invest on bonds with a P4,000,000 face value on January 1, 2021. The bond has a life of 4 years starting

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3. Khalil plans to invest on bonds with a P4,000,000 face value on January 1, 2021. The bond has a life of 4 years starting January 1, 2021 and pays an interest of 7% semi-annually every June 30 and December 31. The bond's effective interest rate is 8% Compute the following: Expected market price of the P4,000,000 bonds b. Amount of premium or discount on bond investment a

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