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A P20,000-bond which will mature in 10 years and pays P2,400 annually is to be redeemed at P21,500 at the end of this period. (a)
A P20,000-bond which will mature in 10 years and pays P2,400 annually is to be redeemed at P21,500 at the end of this period.
(a) Determine the bond rate.
(b) If it is sold now at P19,500, determine the yield at this price
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