How much should you pay for a bond

Reference no: EM132004239

Question: How much should you pay for a bond that has a $1,000 par value, stated interest rate of 5% annually, and that matures in 8 years? The bond pays semi-annual (twice per year) interest rates. The current market interest rate is 4%. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132004239

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