Question: 7 - 1 6 BOND VALUATION You are considering a 1 0 - year, $ 1 , 0 0 0 par value bond. Its coupon

7-16 BOND VALUATION You are considering a 10-year, $1,000 par value bond. Its coupon rate is 8%, and interest is paid semiannually. If you require an "effective" annual interest rate (not a nominal rate) of 7.1225%, how much should you be willing to pay for the bond?
7-16 BOND VALUATION You are considering a 10-year, $1,000 par value

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