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A risk-less zero-coupon (no coupon payments) bond that will pay $1,000 in 9 years is offering a 5% implied rate of return. What is the
A risk-less zero-coupon (no coupon payments) bond that will pay $1,000 in 9 years is offering a 5% implied rate of return. What is the current price of the bond?
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Multinational Financial Management
Authors: R M Srivastava
1st Edition
8174466703, 9788174466709
