9.8. Graph the relation between the annually compounded interest rate and the present value of a zero-coupon

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9.8. Graph the relation between the annually compounded interest rate and the present value of a zero-coupon bond paying $100 five years from today. Graph the relation between present value and years to maturity of a zero-coupon bond with an interest rate of 8 percent compounded annually.

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Financial Markets And Corporate Strategy

ISBN: 9780071157612

2nd Edition

Authors: Mark Grinblatt, Sheridan Titman

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