You are thinking about buying a 10-year bond that was issued 2 years ago. The coupon rate is 5% paid semi-annually. The company that issued the bond has not performed too well and you decide that you...


You are thinking about buying a 10-year bond that was issued 2 years ago.  The coupon rate is 5% paid semi-annually.   The company that issued the bond has not performed too well and you decide that you need a 5.79% annual rate of return in order to compensate you for the risk.  What should you pay for one bond.   Round to nearest $ and use $ symbol.



Jun 04, 2022
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