Question
a discount bond(zero coupon) with one year to maturity sells for $900 today. if the investor earns $100 from buying this bond today and holding
a discount bond(zero coupon) with one year to maturity sells for $900 today. if the investor earns $100 from buying this bond today and holding it to maturity , then it must be that the discount bond hase a face value:
900
1000
1100
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
