nellie is determining a potential bond purchase


Nellie is determining a potential bond purchase that seller purchased 12 years ago for $4,000. The bond matures 8 years from today. It has a face value of $10,000, pays quarterly coupons with a coupon rate of 1 percent. To make a yield to maturity of 10 percent EAR, Evaluate what is the most Nellie should pay for the bond.

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Financial Accounting: nellie is determining a potential bond purchase
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