How much to pay for simple rate of return on the bond


You have just purchased a 10 year, $1,000 par value bond. The coupon rate on this bond is 8% annually, with interest being paid each 6 months. If you expect to earn a 10% simple rate of return on this bond, how much did you pay for it?

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Finance Basics: How much to pay for simple rate of return on the bond
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