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Mr. Estrada purchased 100 5% bonds from Lontok Finance Corporation. Each bond has a face value of 3,000 and were purchased at 2,500. The bonds
Mr. Estrada purchased 100 5% bonds from Lontok Finance Corporation. Each bond has a face value of 3,000 and were purchased at 2,500. The bonds mature in 10 years. a. How much will Mr. Estrada receive as his dividend for all the bonds if dividends are paid semi-annually? _________ b. Compute for its maturity value. The maturity value is ________ c. After the maturity date, how much is the total earnings of Mr. Estrada? _________
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