Question 1179443
To calculate the yield to maturity (YTM) of the bond, we can use the following formula:

```
YTM = (C + (FV - PV) / N) / ((FV + PV) / 2)
```

Where:

* C = Annual coupon payment
* FV = Face value of the bond
* PV = Present value of the bond
* N = Number of years to maturity

In this case:

* C = 100,000 * 10% = 10,000 Php (annual coupon payment)
* FV = 100,000 Php (face value)
* PV = 100,000 Php (priced at par)
* N = 8 years (number of years to maturity)

However, since the bond is redeemable at 110% of the par value, we need to adjust the FV accordingly:

* FV = 100,000 * 110% = 110,000 Php (redeemable value)

Now, we can plug these values into the YTM formula:

```
YTM = (10,000 + (110,000 - 100,000) / 8) / ((110,000 + 100,000) / 2)
```

```
YTM = (10,000 + 1,250) / 105,000
```

```
YTM = 11,250 / 105,000
```

```
YTM ≈ 0.1071 or 10.71%
```

Therefore, the yield to maturity of the bond is approximately **10.71%**.

Note that this is just an approximate YTM, as it doesn't take into account the quarterly coupon payments. To get a more precise YTM, you would need to use a financial calculator or spreadsheet software that can handle the time value of money calculations with quarterly compounding.