Welcome to Westonci.ca, the ultimate question and answer platform. Get expert answers to your questions quickly and accurately. Explore thousands of questions and answers from a knowledgeable community of experts ready to help you find solutions. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.
Sagot :
The maximum price you should be willing to pay for the bond is $1,105.69.
What is a bond?
A bond could be a style of security employed in finance wherever the establishment (debtor) owes the holder (creditor) a debt and is needed, counting on the terms, to repay the bond's principal (i.e., the quantity borrowed) at the bond's maturity further as interest (referred to because the coupon) over a preset amount of your time. The interest is often due at preset intervals, such biyearly, annually, and fewer often at numerous times. A bond is thus a sort of loan or IOU. With the assistance of bonds, the receiver will finance semipermanent investments or, within the case of state bonds, current expenses.
To learn more about bond, visit:
brainly.com/question/26271508
#SPJ4
Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.
