Question: You are considering a 1 5 year, $ 1 0 0 0 par value bond. Its coupon rate is 1 0 % and interest is
You are considering a year, $ par value bond. Its coupon rate is and interest is paid seminually. If you require an "effective" annual interest rate not a nominal rate of how much should you be willing to pay for the bond? Do not round intermediate steps. Round your answer to the nearest cent.
Bond valuation
Years to maturity
Par value of bond
Coupon rate
Frequency interest paid per year
Effective annual rate
tableB$
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