Question
Mr X wants to make 8% nominal interest rate compounded semi -annually on a bond investment how much should he be willing to pay now
Mr X wants to make 8% nominal interest rate compounded semi -annually on a bond investment how much should he be willing to pay now for 6%, $10,000 bond that will mature in 15 year and pays interest semi- annually?
ASAP PLEASE ..ASAP
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
