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You are thinking about buying a bond that offers an annual coupon rate of 6%, with exactly 8 years remaining to maturity. The face value of the bond is $1,000. Your required return is 5% per year. How
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You are thinking about buying a bond that offers an annual coupon rate of 6%, with exactly 8 years remaining to maturity. The face value of the bond is $1,000. Your required return is 5% per year. How much should you be willing to pay for this bond?.

User BitRulez
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5.6k points

1 Answer

6 votes

Answer:

I think $58.04

Step-by-step explanation:

I calculated percentages.

User Bitinerant
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5.6k points
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