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18. Assume that a 15-year, $1,000 face value bond pays semi-annual interest of $30.00. If an investor requires(Market interest rate) a simple annual rate
18. Assume that a 15-year, $1,000 face value bond pays semi-annual interest of $30.00. If an investor requires(Market interest rate) a simple annual rate of return of 8 percent, how much should the investor be willing to pay for this bond? (Round the answer to two decimal places.) O $827.08 O $572.03 O $1,358.24 O $835.81 O $1,120.71
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Business and Professional Ethics
Authors: Leonard J. Brooks, Paul Dunn
7th edition
1285182227, 978-1285182223
