4. Mikael is investing on 4-year P4,000,000 bonds with an interest of 14% on January...
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4. Mikael is investing on 4-year P4,000,000 bonds with an interest of 14% on January 1, 2020. The bonds will yield and effective interest rate of 12%. Interest on the bonds is payable every quarter. Compute the following: a. Expected market price of the P4,000,000 bonds b. Amount of premium or discount on bonds
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