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2. A zero-coupon bond with a face value of $500 redeemable at the end of 10 years sells for $279.20 today. What is the
2. A zero-coupon bond with a face value of $500 redeemable at the end of 10 years sells for $279.20 today. What is the implied effective annual market interest or discount rate? 3. A zero coupon bond with a face value of $5000 sells for $3021.16 today. If the effective annual market discount rate is 6.5%, find the approximate maturity date using annual compounding.
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