If you had $10,000 in CDs and the CDs can be renewed for o

If you had $10,000 in CD’s and the CD’s can be renewed for one year at 4.5%, but decided to invest in 10-year bonds with a coupon rate of 8% which is paid semi-annually. Each bond cost $1400, you have to pay a premium, but you believe a $400 premium is too high, what is the maximum price you should pay for each bond, and what is the risk of the bond, and what would you with regard to this type of investment?

You can hire someone to answer this question! Yes, essay96.com has paper writers dedicated to completing research and summaries, critical thinking tasks, essays, coursework, and other homework tasks. It's fast and safe.