Did you pay the right price for the bond

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Reference no: EM13895709

Rockne, Inc., has outstanding bonds that will mature in six years and pay an 8 percent coupon semiannually. If you paid $1,142.42 today and your required rate of return was 4.64 percent. (Round intermediate calculations to 5 decimal places, e.g. 1.25145 and final answer to 2 decimal places, e.g. 15.25.)

Worth of the bond?

Did you pay the right price for the bond?

Reference no: EM13895709

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