find the yield on P1,000.00, 9% ACTS bond priced at 94 plus P10 commission
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Given : P1,000.00, 9% ACTS bond priced at 94 plus P10 commission
To Find : yield %
Solution:
P1,000.00, 9%
Hence dividend income = (9/100) 1000 = 90 P
Bond priced at 94 + P 10 commission
Hence investment = (94/100) x 1000 + 10 = 950
Yield = (90/950) * 100 = 9.47 %
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