Question
3.You find a zero coupon bond with a par value of $10,000 and 20 years to maturity. If the yield to maturity on this bond
3.You find a zero coupon bond with a par value of $10,000 and 20 years to maturity. If the yield to maturity on this bond is 5.2 percent, what is the price of the bond? Assume semiannual compounding periods. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Bond price $
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Financial Markets And Institutions An Introduction To Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
3rd Edition
0073250937, 9780073250939
