Question
Assume that you are interested in buying a zero coupon bond. It has a maturity of 25 years, a price of $462, and a
Assume that you are interested in buying a zero coupon bond. It has a maturity of 25 years, a price of $462, and a par value of $1000. Assume that interest is compounded annually. What is the yield on this bond? 1.85% 2.16% 3.14% 8.66%
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