Mia wants to invest in Treasury bonds that have a par value of $ 20,000 and a

Question:

Mia wants to invest in Treasury bonds that have a of $ 20,000 and a rate of 4.5%. The bonds have a 10 year maturity, and Mia requires a 6% return. How much should Mia pay for her bonds, assuming interest is paid annually? Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...