What is the current price of this bond

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1. Demetrius wants to buy a $1,000 face value bond that currently has a yield to maturity of 8.74 percent. The bond matures in 6 years and pays interest annually. The coupon rate is 8.2 percent. What is the current price of this bond?

2. How much do you need to save each year so that you are worth $1 mil in 20 years? Assume you earn the same 8% return per year on your investments.

3. Which type of tax (individual, corporate, estate, etc) are you most interested in and why?

Reference no: EM131861301

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