Question
You bought a discount bond with a face value of $10,000 with a maturity of 1 year. What market price do you pay for the
You bought a discount bond with a face value of $10,000 with a maturity of 1 year. What market price do you pay for the bond if the market interest rate is 30% APR?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
7th Edition
013213683X, 978-0132136839
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