You purchase 4,000 bonds with a par value of $1,000 for $1077 each. The bonds have a coupon rate of 7 percent paid semia
Posted: Wed Jul 06, 2022 6:45 pm
You purchase 4,000 bonds with a par value of $1,000 for $1077 each. The bonds have a coupon rate of 7 percent paid semiannually and mature in 16 years How much will you receive on the next coupon date?