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Posted: **Wed Jul 06, 2022 6:27 pm**

: Suppose You Want To Buy A 1 000 Par Value Bond That Pays 39 Interest Each Quarter And With A Maturity Of 7 Years From 1 (13.41 KiB) Viewed 11 times

Suppose you want to buy a $1,000 par value bond that pays $39 interest each quarter and with a maturity of 7 years from now. If you require 9% rate of return with quarterly compounding, how much should you be willing to pay for this bond? (Round your answer to two decimal point)