Question: You are considering purchasing a bond that would pay you $ 2 2 0 every six months. Your plan is to hold the bond for

You are considering purchasing a bond that would pay you $220 every six months. Your plan is to hold the bond for 5 years, at which point you believe you will be able to sell the bond for $8,966.79. If you can purchase the bond today for $7,542.57 what would your return be from purchasing the bond? (10 points)
If the price you have to pay for the bond increases to $8,719.59 what would your new return be?(10 points)
Answer
You are considering purchasing a bond that would

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