Business, 23.04.2020 02:06 kylee76

Sam is considering investing in a bond with a face value of $20,000. The bond pays an interest of 4% payable quarterly. If he expects to make a 1 ½ % return per quarter on this investment with a maturity of 20 years, determine the most he can pay for the bond . a. $18,102.65 b. $14,923.86 c. $15,355.40 d. $16,000

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Sam is considering investing in a bond with a face value of $20,000. The bond pays an interest of 4%...