Question
A $1,000 par value bond pays interest of $35 each quarter and will mature in 10 years. If an investor's simple annual required rate of
A $1,000 par value bond pays interest of $35 each quarter and will mature in 10 years. If an investor's simple annual required rate of return is 12 percent, how much should the investor be willing to pay for this bond?
| a. | $941.36 |
| b. | $1,051.25 |
| c. | $1,115.57 |
| d. | $1,391.00 |
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Optimal Adoption Of Green Roofs Hydrology And Public Finance Applications
Authors: Luke D Stumme
1st Edition
1288289022, 9781288289028
