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just 4 please 3- Suppose that a portfolio management company manages an investment fund. The fund manager observes a bond in the market and intends

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3- Suppose that a portfolio management company manages an investment fund. The fund manager observes a bond in the market and intends to add it to the fund portfolio. The bond has a 100.000 TL par value, 10% coupon rate (coupon payments are annual) and a 6-years maturity. The business model is to "hold-to-maturity". The company purchases the bond at the beginning of the year when the market yields are 8%. After exactly 3 years of investment, market yields increase to 12%. What would be the profit or loss amount in the income statement for that third year? a) 1.427,92TL loss b) 1.470,06TL profit c) 8.529.94TL profit d) 10.000TL loss 4- Refer to Question 3 above. Now suppose that the portfolio management company always follows a business model in which it may either earn cash flows from the bonds or sell them when available. Accordingly, the company purchases the bond at the beginning of the year when the market yields are 8%. After exactly 3 years of investment, market yields increase to 12%. Then, when the market yields drop, the company immediately sells the bond at a price of 102.357,56 TL. What would be the total "comprehensive" income in the income statement that belongs to the period of sale? a) +7.161,22TL b) 6.888,20TL c) 9.957,86TL d) +12.621,51TL

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