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  3. 4. you intend to purchase a 10-year, $1,000 face v

4. You intend to purchase a 10-year, $1,000 face value bond that pays interest of...

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4. You intend to purchase a 10-year, $1,000 face value bond that pays interest of $60 every 6 months. If your simple annual required rate of return is 10 percent with semiannual compounding, how much should you be willing to pay for this bond? a. $826.31 b. $1,086.15 c. $957.50 d. $1,431.49 e. $1,124.62

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