Mr. Arturo bought a bond having a face value of Php3500 for Php3300. The bond rate was 16% nominal and interest payments were made to him semiannually for a total of seven years. At the end of the 7th...

Mr. Arturo bought a bond having a face value of Php3500 for Php3300. The bond rate was 16% nominal and interest payments were made to him semiannually for a total of seven years. At the end of the 7th year, he sold the bond to a friend at a price that resulted a yield of 20% nominal on his investment what was the selling price?