You intend to purchase a 3-year, $1,000 face value bond that pays interest of $39 every 6 months. If your nominal annual required rate of return is 2.2 percent with semiannual compounding, how much should you be willing to pay for this bond? O $1,181.72 O $1,171.72 O $1,161.72 O $1,191.72 O $1,201.72
You intend to purchase a 3-year, $1,000 face value bond that pays interest of $39 every 6 months. If your nominal annual required rate of return is 2.2 percent with semiannual compounding, how much should you be willing to pay for this bond? O $1,181.72 O $1,171.72 O $1,161.72 O $1,191.72 O $1,201.72
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 6P
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