How much should they be willing to pay

Reference no: EM132158760

Question: A 10-year, 9% bond, issued by Cheap Motors Manufacturing on January 1, 2000, matures on December 31, 2009. If investors require a 12% return, how much should they be willing to pay on January 1, 2004? (Face value of the bond is $10,000, and interest is paid annually.)

Reference no: EM132158760

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