5.1 What is the present value of a 10-year, pure discount bond that pays $1,000 at maturity...

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5.1 What is the present value of a 10-year, pure discount bond that pays $1,000 at maturity and is priced to yield the following rates?

a. 5 percent

b. 10 percent

c. 15 percent

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Corporate Finance

ISBN: 9780071229036

6th International Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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