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bond you bought a bond 6 years ago for $3,500. It has a $4,000 face value and a nominal annual 10% bond rate, paid quarterly.
bond you bought a bond 6 years ago for $3,500. It has a $4,000 face value and a nominal annual 10% bond rate, paid quarterly. You'd like to sell it now and get a nominal annual yield of 8%. How much should you sell it for You bought a bond 6 years ago for $3,500. It has a $4,000 face value and a nominal annual 10 % bond rate, paid quarterly (so iR pays 2.5% of the face value each quarter), You'd ike to sell it now and get a nominal annual yield of 8% How much should you sell the bond for? How much should you sell the bond for? Round to the nearest dollar)
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