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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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781119795438
5th Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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