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Suppose you came into some money and looking for a bond to invest in. You found a $1,000, with 17 years left to maturity
Posted: Wed Jul 06, 2022 6:27 pm
by answerhappygod
- Suppose You Came Into Some Money And Looking For A Bond To Invest In You Found A 1 000 With 17 Years Left To Maturity 1 (16.98 KiB) Viewed 12 times
Suppose you came into some money and looking for a bond to invest in. You found a $1,000, with 17 years left to maturity. If the bond has a 10% coupon rate but pays interest semi-annually and you require a 7% return on your investment, how much are you willing to pay for the bond? (Round your answer to two decimal point)