Question: #24 On issue date, Eric bought a bond offered with the following details. For simplicity, assume that coupons are tax-free. Issuer 16888 Corporation Par Value

#24

On issue date, Eric bought a bond offered with the following details. For simplicity, assume that coupons are tax-free. Issuer 16888 Corporation Par Value P10,000 Tenor 5 years Coupon Rate 5.2% p.a. Coupon Payment every 3 months Issue Date December 10, 2018 Maturity Date December 10, 2023 How much coupon will Eric receive and how often will he receive it? P130 quarterly P130 every 6 months P520 every 3 months P130 semiannually

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