Determine what would the purchase price be

Reference no: EM13210265

company has issued a 10-year bonds, with a face value of $1,000,000 in $1,000 units. Interest at 8% is paid quarterly. if an investor desires to earn 12% nominal interest (compounded quarterly) on $10,000 worth of these bonds, what would the purchase price be?

Reference no: EM13210265

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