Jessica buys a 5-year, $1,000 par value, 4% coupon bond. Exactly 3 years after purchasing the bond, she notices that the

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answerhappygod
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Jessica buys a 5-year, $1,000 par value, 4% coupon bond. Exactly 3 years after purchasing the bond, she notices that the

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Jessica buys a 5-year, $1,000 par value, 4% coupon bond. Exactly
3 years after purchasing the bond, she notices that the price of
her bond increased to $1,057.44. What must be the prevailing
interest rate now for an equivalent bond
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