Cardinal Health bonds have an annual coupon rate of 3.4 percent and a par value of $1,000 and will mature in 7 years. If you require a 5 percent return, what price would you be willing to pay for a Cardinal bond

The answer is "$716.56", and the further calculation can be defined as follows:Health care business, Cardinal Health Leading provider healthcare, and biopharmaceutical products and services that help pharmacists.The healthcare providers impact on customer care whilst reducing costs, improving productivity, or increasing productivity.

Annual coupon to be paid

years = 7

Calculating the bond price:

So, the final answer is "$716.56".

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