Question
1. What would be the initial offering price for the following bonds (assume $1,000 par value and semiannual compounding)? Do not round intermediate calculations. Round
1.
What would be the initial offering price for the following bonds (assume $1,000 par value and semiannual compounding)? Do not round intermediate calculations. Round your answers to the nearest cent.
a. 13-year zero-coupon bond with a yield to maturity (YTM) of 10%.
$
b. 23-year zero-coupon bond with a YTM of 8%.
$
Please answer a and b thanks.
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Computational Finance And Its Applications
Authors: C. A. Brebbia, M. Costantino
1st Edition
1853127094, 978-1853127090
