anonymous
2008-11-24 09:19:41 UTC
A bond is available for purchase that has a face value of $10000, an 8% coupon, payable semiannually, and 20yrs of its original 25 yrs left to maturity. Approximately how much would you pay for the bond if the market return on similar bonds is 10%...
my book was stolen and i cant find anything on the internet---can some one pleasse help--i need this question for a test --thanks