8. You have the opportunity to purchase a bond issued by a local firm. The bond has a face value of $50,000, has an 8% coupon rate, pays interest semiannually, and will mature in five years. How much should you pay for the bond if the market rate is 10%? (Calculate the price of the Bond) (Use tables B1 and B3 to help you determine your answer)

8. You have the opportunity to purchase a bond issued by a local firm. The bond has a face value of $50,000, has an 8% coupon rate, pays interest semiannually, and will mature in five years. How much should you pay for the bond if the market rate is 10% ? (Calculate the price of the Bond) (Use tables B1 and B3 to help you determine your answer) 8. You have the opportunity to purchase a bond issued by a local firm. The bond has a face value of $50,000, has an 8% coupon rate, pays interest semiannually, and will mature in five years. How much should you pay for the bond if the market rate is 10% ? (Calculate the price of the Bond) (Use tables B1 and B3 to help you determine your answer)