question archive You are considering the purchase of a $1
You are considering the purchase of a $1
Subject:FinancePrice: Bought3
You are considering the purchase of a $1.000 face value bond issued by ABC company. The bond pays 4 percent coupon interest per year, with the coupon paid annually. The bond matures in 3 years. If the required rate of return (ro) on this bond 8 percent. What is the cuurent value of the bond (Vb)? (Round your answer to 2 decimal places)
