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a zero coupon bond has a face value of $100 and 10 years to maturity. Interest accrues on the bond annually. The net proceeds of
a zero coupon bond has a face value of $100 and 10 years to maturity. Interest accrues on the bond annually. The net proceeds of the bond are $47.60. Use the trial and error method to determine the before and after tax costs of a zero coupon bond
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