Maximum amount peirre should be willing to pay for the bond

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Reference no: EM131308018

Pierre recieved a gift from his grandmother ,he plans to invest a five year bond issued by venice corp. that pays an annual coupon rate of 4.65 percent. if the current market rate is 8.79 percent what is the maximum amount peirre should be willing to pay for the bond? round answer to two decimal places eg 15.25.

Reference no: EM131308018

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Maximum amount peirre should be willing to pay for the bond : Pierre recieved a gift from his grandmother ,he plans to invest a five year bond issued by venice corp. that pays an annual coupon rate of 4.65 percent. if the current market rate is 8.79 percent what is the maximum amount peirre should be willing to..

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