You find a zero coupon bond with a par value of $10,000 and 24 years to maturity.

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You find a zero coupon bond with a par value of $10,000 and 24 years to maturity. If the yield to maturity on this bond is 4.2 percent, what is the dollar price of the bond? Assume semiannual compounding periods.

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Fundamentals Of Corporate Finance

ISBN: 9781265553609

13th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Aug 24, 2021 04:59 AM

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You find a zero coupon bond with a par value of $10,000 and 24 years to maturity.

Question:

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A zero coupon bond means does not pay any interest Price of the bond f...View the full answer

Fundamentals Of Corporate Finance

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