Question
A bond issued by the national government pays 1000 Php at the end of each year for 6 years, plus an additional 10,000 Php when
A bond issued by the national government pays 1000 Php at the end of each year for 6 years, plus an additional 10,000 Php when the bond matures at the end of 6 years. What is the maximum payment for this bond if the existing opportunity cost of funds is 10%?
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Macroeconomics
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
6th Canadian Edition
321675606, 978-0321675606
