A 15 year bond having a face value of 5000 and a coupon, Ask an Expert

Economics

A 15 year bond having a face value of $5000 and a coupon rate of 6 percent per 6 months payable semiannually was purchased for $7000 8 years ago, and the 16th interest payment was just made. What can it be sold for now if a buyer's desired return is 4 percent per 6 months?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9439596

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