Question
A 20-year bond with a par value of P1,000,000 and with bond rate of 10% payable semi-annually is sold after 8 years. What would be
A 20-year bond with a par value of P1,000,000 and with bond rate of 10% payable semi-annually is sold after 8 years. What would be its fair market value, if the yield is to be 12% pa compounded semi-annually?
a. P 874,496 b. P 93,790 c. P128,313 d. P1,206 e. P1,018
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Introduction to Econometrics
Authors: James H. Stock, Mark W. Watson
3rd edition
133595420, 978-0138009007, 138009007, 978-0133486872, 133486877, 978-0133595420
