Aiensworth123456viz
Answered

Find the amount of semi-annual coupon for a P110,000 bond which pays 4.5% convertible semi-annually for its coupons.
a. P3, 575
b. P3, 775
c. P2, 475
d. P2, 575

Sagot :

Gonzalesjowel979viz

Answer:

4,950 PESOS

Step-by-step explanation:

PRINCIPAL = 110,000 PESOS

RATE = 4.5% OR 0.045%

110,000 PESOS * 0.045% = 4,950 PESOS