Your required return is 816 per year how much should you be, Financial Management

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Your required return is 816 per year how much should you be

You are thinking about buying a bond that offers a coupon rate of 6% but with semi-annual coupon payments. The bond has exactly 7 years remaining to maturity. The face value of the bond is $1,000. Your required return is 8.16% per year. How much should you be willing to pay for this bond?

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Financial Management: Your required return is 816 per year how much should you be

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Financial Management: Your required return is 816 per year how much should you be

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