Question: A bond with a face value of $ 7 comma 0 0 0 pays quarterly interest of 1 . 5 percent each period. Twenty dash

A bond with a face value of

7

comma

000

pays quarterly interest of

1.5

percent each period. Twenty dash two 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

8

percent compounded quarterly on your

money?

LOADING... Click the icon to view the table of compound interest factorsLOADING... for discrete compounding periods when iequals

2 % .

You should pay

enter your response here.

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