Question
Bond Valuation.Mia wants to invest in Treasury bonds that have a par value of $20,000 and a coupon rate of 6.26.2%. The bonds have a
Bond Valuation.Mia wants to invest in Treasury bonds that have a par value of
$20,000 and a coupon rate of 6.26.2%.
The bonds have a 6-year maturity, and Mia requires a 9%
return. How much should Mia pay for her bonds, assuming interest is paid annually?
The amount Mia should pay for the bonds is ??
(Round to the nearest cent.)
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Financial Markets And Institutions An Introduction To Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
3rd Edition
0073250937, 9780073250939
