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Business, 13.05.2021 21:20 jonj75

Bill Mitselfik has purchased a bond that was issued by Acme Chemical. This bond has a face value of ​$ and pays a dividend of ​% per​ year, compounded​ semi-annually. Bill bought the bond years ago at face value and there are years remaining until the bond matures. Bill wishes to sell it now for a price that will result in Bill earning an annual yield of ​% compounded​ semi-annually. What price does Bill need to sell the bond for to earn his desired​ return? The selling price of the bond should be ​$ nothing. ​(Round to the nearest​ dollar.)

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