Answer Happy

Posted: **Wed Apr 06, 2022 9:12 am**

: Question 15 5 Pts Suppose You Are Thinking About Buying A 5 Year 1 000 Par Value Bond With A 9 Coupon Interest On Thi 1 (16.59 KiB) Viewed 32 times

Question 15 5 pts Suppose you are thinking about buying a 5 year $1.000 par value bond with a 9% coupon. Interest on this bond is paid annually. If your required rate of retum is 11% annually, how much should you pay for the bond? (Round your answer to two decimal point