SHANTI CO. holds the following bonds which all have a yield to maturity of 15% and matures in 10 years: · ABC – 12% annual quoted rate; P5,000 face value · XYZ – 15% annual quoted rate; P5,000 face...

SHANTI CO. holds the following bonds which all have a yield to maturity of 15% and matures in 10 years: · ABC – 12% annual quoted rate; P5,000 face value · XYZ – 15% annual quoted rate; P5,000 face value If XYZ bond is sold after a year with an expected total return of 18%, Determine the approximate price in which XYZ bond is sold.