Question
A 12 -year, $1,000 par value zero-coupon rate bond is to be issued to yield 15 percent. Q. If immediately upon issue, interest rates increased
A 12 -year, $1,000 par value zero-coupon rate bond is to be issued to yield 15 percent.
Q.If immediately upon issue, interest rates increased to 18 percent, what would be the value of the zero-coupon rate bond?
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
14th edition
1337090581, 978-1337090582
