An investor is considering buying a 20-year corporate bond. The bond has a face value of $1000 and..
An investor is regarding buying a 20-year corporate association. The association has a visage appreciate of $1000 and pays 6% attention per year in two semiannual reimbursements. Thus the purchaser of the association obtain take $30 integral 6 months in specification to $1000 at the end of 20 years, concurrently after a while the terminal $30 attention reimbursement. If the investor wants to take 8% attention, compounded semiannually, how considerable would he or she be obtaining to pay for the association?