Question
#1. Show work 1.Assume today is Jan 1, 2011. A 0 coupon bond is priced with a yield to maturity of 6%. The face value
#1. Show work
1.Assume today is Jan 1, 2011. A 0 coupon bond is priced with a yield to maturity of 6%. The face value is $1,000, and it matures in 5 years. Calculate the current price of the bond.
Note: a 0 coupon bond is simply a bond with does not pay any period coupon interest payments. The only payment received by the owner of the bond is the principal amount at maturity.
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The Nurse Managers Guide To Budgeting And Finance
Authors: Al Rundio
2nd Edition
1940446589, 978-1940446585
