What price must you sell the bond for

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You have paid $980.30 for an 8% coupon bond with a face value of $1,000 that matures in five years.

You plan on holding the bond for one year. If you want to earn a 9% rate of return on this investment, what price must you sell the bond for? Is this realistic?

Reference no: EM131127197

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What price must you sell the bond for : You have paid $980.30 for an 8% coupon bond with a face value of $1,000 that matures in five years. You plan on holding the bond for one year. If you want to earn a 9% rate of return on this investment, what price must you sell the bond for? Is this ..
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