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Home / Questions / You bought a bond 6 years ago for $3500 It has a $4000 face value and a nominal

You bought a bond 6 years ago for $3500 It has a $4000 face value and a nominal

You bought a bond 6 years ago for $3,500. It has a $4.000 face value and a nominal annual 10% bond rate, paid quarterly (so i

You bought a bond 6 years ago for $3,500. It has a $4.000 face value and a nominal annual 10% bond rate, paid quarterly (so it pays 2.5% of the face value each quarter). You'd like to sell it now and get a nominal annual yield of 8%. How much should you sell the bond for?

Feb 07 2020 View more View Less

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