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Hi, hope you are doing good and well. Please help me show the complete solution to these problems? Hope my answers will help.
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3. A customer purchases 10 bonds that have a nominal yield of 8% p.a. at a price of 94 1/4. The customer will receive semi annual payments of: 2009 $377 $400 $754 $800 ANS: (b) 4. Mr. Reyes calls up and asks why the maturity value of his RTB booking is less than what he invested. What will you tell the client? The Bond was issued last August 1, 2007 and he bought the security on August 1, 2008

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