A corporate bond has aface value of$l 000 with maturity date 20 years from today. The bond pays…


A corpoadmonish security has acountenance esteem of$l 000 delay ripeness date 20 years from today. The security pays cause semiannually at a admonish of 8% per year established on the countenance esteem. The cause admonish compensated on congruous corpoadmonish securitys has decreased to a exoteric admonish of 6%. Determine the negotiate esteem of the security.