Question: A 10 year bond has a face value $3,000,000 and pay dividend every 2 months at a nominal interest rate 10%.You purchased the bond for

A 10 year bond has a face value $3,000,000 and pay dividend every 2 months at a nominal interest rate 10%.You purchased the bond for $1,500 at the time. After 3 years you decide to sell it. What is your selling price if you earned 3% nominal interest rate as return on your investment?

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