?(Bond valuation?) Bellingham bonds have an annual coupon

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 ?(Bond valuation?) Bellingham bonds have an annual coupon

 

?(Bond valuation?)

Bellingham bonds have an annual coupon rate of 15 percent and a par value of $1,000 and will mature in 5 years. If you require a return of 8

percent, what price would you be willing to pay for the? bond? What happens if you pay more for the? bond? What happens if you pay less for the? bond?

The price you would be willing to pay for the bond is ?$ .? (Round to the nearest? cent.)

 

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 ?(Bond valuation?) Bellingham bonds have an annual coupon

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 ?(Bond valuation?) Bellingham bonds have an annual coupon