Answer Happy

Posted: **Sun Jul 03, 2022 6:51 am**

: Bill Wants To Buy A Bond It Has A Face Value Of 10 000 A Bond Rate Of 4 Nominal Payable Annually And Matures In 1 (75.27 KiB) Viewed 14 times

Bill wants to buy a bond. It has a face value of $10,000, a bond rate of 4% (nominal), payable annually, and matures in 10 years. Bill wants to earn a minimum return of 5% per year. How much should Bill pay for the bond? $8459 $9632 $8856 $10,000 $9228 $10,400