You have paid 98030 for an 8 coupon bond with a face value


You have paid $980.30 for an 8% coupon bond with a face value of $1,000 that matures in five years.

You plan on holding the bond for one year. If you want to earn a 9% rate of return on this investment, what price must you sell the bond for? Is this realistic?

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Finance Basics: You have paid 98030 for an 8 coupon bond with a face value
Reference No:- TGS01511590

Now Priced at $10 (50% Discount)

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