How many coupon payments can consider to break even

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Problem 1: The current USD/PHP exchange rate is quoted as follows: bank buy at 41 and sell at 41.35. How much will a client pay if he will buy USD 100k?

Problem 2: If B receives PHP 16,875 gross from her investments each coupon payment and paid PHP 1,045,500 for an RTB with face of PHP 1,000,000.00 after how many coupon payments can she consider to break even on her initial principal investment.

Problem 3: What is the current yield of an 8% bond with a par value of $1,000 and a market value of $1,200.00

Reference no: EM133003762

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