Nbspa corporation issues a bond whose par value is 10000, Business Economics

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Nbspa corporation issues a bond whose par value is 10000

A corporation issues a bond whose PAR value is 10,000 and bond rate of return is 12% annual compounded quarterly. If you plan to sell the bond at face value after 3 years and want to achieve an investment rate of return of 8% annual compounded quarterly what is the maximum purchase price you can pay and still achieve your investment rate of return?

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Business Economics: Nbspa corporation issues a bond whose par value is 10000

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Business Economics: Nbspa corporation issues a bond whose par value is 10000

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