Answered

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2. You have one year PHP 1,000 bond with a coupon rate of 5% and was offered at an active rate of 6%.
How much is the issue price?​

Sagot :

Use the given functions to set up and simplify 6%

php⋅ 1000 = 1000 p^2hp


5% = 0.05
6% = 0.06