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You are interested in one corporate bond that shows the following information: Face Value: $10,000 Interest Rate: 10% (per year) Maturity: 4 years from today
You are interested in one corporate bond that shows the following information:
Face Value: $10,000
Interest Rate: 10% (per year)
Maturity: 4 years from today
Price Index: 120
If you decided to buy this bond, what is the market price you should pay for it? If necessary, round your answer to the nearest dollar. Please do not put "$" or "," in your answer. If your answer is $12,345.67, put 12346 for your answer.
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