We buy a Bond with the following characteristics (0,5Points)

i. Par value or face value= 150.000

ii. The bond matures 3 years form now

iii. Annual coupon of 8% calculated on the face value.

iv. The return of the bond is 10%. This is the return we will obtain per year for our investment.

v. How much should we pay for this bond to obtain an annual return of 10%? We have to calculate the PV of all these cashflows (payments) that we receive