Question
8. A 14-year zero coupon bond has face value of $1000 and yield to maturity of 5.88 percent. Assuming semiannual compounding, what should the bond
8.
A 14-year zero coupon bond has face value of $1000 and yield to maturity of 5.88 percent. Assuming semiannual compounding, what should the bond sell for today?
$449.37
$444.27
$428.04
$422.74
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Principles Of Macroeconomics
Authors: Frank, Bernanke, Antonovics, Heffetz
3rd Edition
1259117162, 9781259117169
