The Treasury has issued 10-year zero coupon bonds with a face value of $1,000. What will be
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The Treasury has issued 10-year zero coupon bonds with a face value of $1,000. What will be the current market price of these bonds if the opportunity cost for similar investments in the market is 6.75% paid semi-annually?
a. $684
b. $860
c. $515
d. $604
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Related Book For
Stock Markets And Corporate Finance A Primer
ISBN: 9781800611474,9781800611498
1st Edition
Authors: Michael Dempsey
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