You have just paid $1135.90 for a bond which has 10 years before it matures. It pays interest every six months. If you require an 8% return from the Spond what is the coupon rate on his bond? Par value is $1000.

Ask your question to the AI advisor

Ai-bot is an expert in any field and is the perfect companion for reliable and useful answers and advice on a variety of topics, including science, history, technology, art, sports, health, culture and more.