Question: How much do you have to pay for a bond rate that pays 6% dividend compounded semiannually, with a face value of $5,000 that is

How much do you have to pay for a bond rate that pays 6% dividend compounded semiannually, with a face value of $5,000 that is going to be paid (maturity) in 5 years. The buyer wants to have an interest rate profit of 8% compounded semiannually.

	a.	P = 17,645.52
	b.	P = 3,094,199.50
	c.	P = 6,283.32
	d.	P = 4,594.64

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