Doja Lipa issues a P1,000 corporate bond with an annual interest rate of P6%, quarterly...
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Accounting
Doja Lipa issues a P1,000 corporate bond with an annual interest rate of P6%, quarterly interest payments for 3 years. The bond's yield to maturity is 12%.
a. What is the present value of the coupon payments?
b. What is the present value of the face value of the bond?
c. What is the price of the bond?
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