Problemyou have just purchased a 10 year 1000 par value, Ask an Expert

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Problem:

You have just purchased a 10 year, $1,000 par value bond. The coupon rate on this bond is 8 Percent annually, with interest being paid each 6 months. IF you expect to earn a 10 Percent simple rate of return on this bond, how much should you have paid for it? Please explain in detail and also provide step by step solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91146558

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