Present value: You want to buy a zero coupon bond that will have a value of $1,000

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Present value: You want to buy a zero coupon bond that will have a value of $1,000 at the end of seven years. If the appropriate discount rate is 4.5 percent annually, how much should you pay for the bond today?

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Fundamentals Of Corporate Finance

ISBN: 9781119795438

5th Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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