2. A zero-coupon bond has a par value of $1000 and matures in 20 years. Investors require...
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2. A zero-coupon bond has a par value of $1000 and matures in 20 years. Investors require a 10% annual return on these bonds. For what price should the bond sell? (Note: Zero-coupon bonds do not pay any interest. Review Chapter 3.)
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Related Book For 
Financial Markets and Institutions
ISBN: 978-0321280299
5th edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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