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22. How much should Mickey invest in Treasury bills if he expects to receive Php1.OMM at the end of 180 days at a gross discounted rate of 4.75%? (a) (b) (c) (d) Php 976,800.98 Php 981,400.78 Php 954,653.93 Php 963,391.13 ANS: (b) 23. Minnie bought USD120K of ROP32 at par 36 days after the issuance date. His cash-out was USD120,765.00. The coupon rate of the bond is 6.375%. At what price did he acquire the bond? (a) (b) (c) (d) (e) 107.650 100.000 106.375 120.000 110.000 ANS: (b) 22. How much should Mickey invest in Treasury bills if he expects to receive Php1.OMM at the end of 180 days at a gross discounted rate of 4.75%? (a) (b) (c) (d) Php 976,800.98 Php 981,400.78 Php 954,653.93 Php 963,391.13 ANS: (b) 23. Minnie bought USD120K of ROP32 at par 36 days after the issuance date. His cash-out was USD120,765.00. The coupon rate of the bond is 6.375%. At what price did he acquire the bond? (a) (b) (c) (d) (e) 107.650 100.000 106.375 120.000 110.000 ANS: (b)