Question: A bond with a face value of $ 4 comma 0 0 0 4 , 0 0 0 pays quarterly interest of 2 . 5

A bond with a face value of
$4 comma 0004,000
pays quarterly interest of
2.52.5
percent each period.
Thirty dash fourThirty-four
interest payments remain before the bond matures. How much would you be willing to pay for this bond today if the next interest payment is due now and you want to earn
66
percent compounded quarterly on your money?

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