5. You are considering purchasing fifty $1,000 corporate bonds that pay a coupon rate of 7%...

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5. You are considering purchasing fifty $1,000 corporate bonds that pay a coupon rate of 7% per year in equal quarterly payments. The bonds mature in 10 years. If the interest rate in the marketplace on similar bonds is 8%, compounded quarterly, the most you should pay for the bonds is closest to... a) $43,212 b) $45,874 c) $46,580 d) $46,645 e) $48,779 f) $51,332 g) $52,357 5. You are considering purchasing fifty $1,000 corporate bonds that pay a coupon rate of 7% per year in equal quarterly payments. The bonds mature in 10 years. If the interest rate in the marketplace on similar bonds is 8%, compounded quarterly, the most you should pay for the bonds is closest to... a) $43,212 b) $45,874 c) $46,580 d) $46,645 e) $48,779 f) $51,332 g) $52,357