GE1707
Name: Section:
Date: Score:
Directions: Perform what is being asked. Write your answers on the space provided. (4 items x 5 points)
1. Determine the current yield of a bond whose face value is ₱33,200 and pays a yearly interest of
13.7% if purchased at ₱36,700.
2. What is the current yield of a bond whose face value is ₱26,200 and pays a yearly interest of 8%
if purchased of ₱18,400?
3. Determine the current yield of a bond whose face value is ₱17,560 and pays a yearly interest of
8.7% if purchased at ₱16,970.
4. A ₱75,000, at 11% bond pays coupon semiannually redeemable at ₱90,000 on January 13, 2017
is bought on January 13, 2011 to earn interest 13% compounded semiannually. Find the purchase
price.
Rubric for scoring:
Criteria Points
Complete solution with correct answer 5
Last two (2) major steps of the solution are incorrect 4
Half of the solution is correct 3
First two (2) major steps of the solution are correct 2
First major step of the solution is correct 1
05 Seatwork 2 *Property of STI
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