How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask linda_us Your Own Question
linda_us
linda_us, Master's Degree
Category: Business and Finance Homework
Satisfied Customers: 7291
Experience:  A tutor for Business, Finance, Accounts and other related topics.
19873544
Type Your Business and Finance Homework Question Here...
linda_us is online now
A new question is answered every 9 seconds

Your client has been offered a 5-year, $1,000 par value bond

Resolved Question:

Your client has been offered a 5-year, $1,000 par value bond with a 10 percent coupon. Interest on this bond is paid quarterly. If your client is to earn a nominal rate of return of 12 percent, compounded quarterly, how much should she pay for the bond?



a. $ 800

b. $ 926

c. $1,025

d. $1,216

e. $ 981
Submitted: 5 years ago.
Category: Business and Finance Homework
Expert:  linda_us replied 5 years ago.
HiCustomer

Answer is b. $ 926


Regards

Linda
linda_us and other Business and Finance Homework Specialists are ready to help you

Related Business and Finance Homework Questions