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ABC company has issued 10-year bonds, with a face value of P 2 million, in P 1000 units. Interest is 15% payable quarterly. If an

ABC company has issued 10-year bonds, with a face value of P 2 million, in P 1000 units. Interest is 15% payable quarterly. If an investor desires to earn 22% nominal interest on 1000 worth of these bonds, what would the selling price have to be?

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