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Nowbie wants to sell you a bond with a face value of $1,000,000. The face rate on the bond is 10% and is payable in

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Nowbie wants to sell you a bond with a face value of $1,000,000. The face rate on the bond is 10% and is payable in 4 equal payments which include interest at 10%. The bond has four years left to run and is seasoned. A. How much would you pay for the bond to earn 12%? Amortize it. B. How much would you pay for the bond to earn 8%? Amortize it

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