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you'd like to buy a 20-year noncallable bonf with an annual coupon rate of 8.4% paid semi annually. the bond has a par value of
you'd like to buy a 20-year noncallable bonf with an annual coupon rate of 8.4% paid semi annually. the bond has a par value of 1,000$. if you require an additional 8.25% nominal yield to maturity on this investment what should you be willing to pay for the bond?
a.) 1109.13$
b.) 1065.02$
c.) 1912.53$
d.) 1014.57$
e.) 927.43$
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