Business, 20.11.2019 06:31 shelbybibb99

Ms. jones wants to make 14% nominal interest compounded quarterly on a bond investment. she has an opportunity to purchase a 12%, $10 comma 000 bond that will mature in 12 years and pays quarterly interest. this means that she will receive quarterly interest payments on the face value of the bond ($10 comma 000) at 12% nominal interest. after 12 years she will receive the face value of the bond. how much should she be willing to pay for the bond today?

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Ms. jones wants to make 14% nominal interest compounded quarterly on a bond investment. she has an o...

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