How much should greg pay for the bond

Reference no: EM132143956

Question: Greg wants you to purchase corporate bond issued by ACDP Manufacturing. It is a 25,000 bond with a bond rate of 8% payable quarterly, and it matures 10 years from today. Bob wishes to ear 10%(nominal,annual) on this investment. How much should Greg pay for the bond?

Reference no: EM132143956

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