Page 1 of 1

A bond with 5 years to maturity and a coupon rate of ​6% has a​ par, or​ face, value of $20,000​. Interest is paid annua

Posted: Wed Mar 30, 2022 3:37 pm
by answerhappygod
A bond with 5 years to maturity and a coupon rate of ​6% has a​
par, or​ face, value of $20,000​. Interest is paid annually. If you
require a return of 8% on this​ bond, what is the price of the​
bond?
The value of the bond is: ​ ​(Round to the nearest​
cent.)