Assume that a 15-year, R1,000 face value bond pays interest of R37.50 every 3 months.If you require a simple annual rate of return of 12 percent, with quarterly compounding, how much should you be willing to pay for this bond?

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The Answer of Assume that a 15-year, R1,000 face value bond pays interest of R37.50 every 3 months.If you require a simple annual rate of return of 12 percent, with quarterly compounding, how much should you be willing to pay for this bond?

Assume That a 15-Year, R1,000 Face Value Bond Pays Interest