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A bond is purchased for 9500 dollars. Its PAR value is 10,000 and the bond interest rate is 6% per year compounded quarterly. The bond

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A bond is purchased for 9500 dollars. Its PAR value is 10,000 and the bond interest rate is 6% per year compounded quarterly. The bond holder wishes to obtain a return on investment of12% per year by holding the bond for 4 years and then selling it immediately after that dividend payment. Draw a sketch of the cash flow of the situation indicating the purchase price, all periodic dividends and the selling price (using an Amplitude of X). Indicate the amounts of payments involved (except theselling price). To obtain the investor's goal of 12% per year what must the selling price be? A bond is purchased for 9500 dollars. Its PAR value is 10,000 and the bond interest rate is 6% per year compounded quarterly. The bond holder wishes to obtain a return on investment of12% per year by holding the bond for 4 years and then selling it immediately after that dividend payment. Draw a sketch of the cash flow of the situation indicating the purchase price, all periodic dividends and the selling price (using an Amplitude of X). Indicate the amounts of payments involved (except theselling price). To obtain the investor's goal of 12% per year what must the selling price be

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