Question
A zero coupon bond has a face value of $1,000 and matures in 4 years. Investors require a(n) 7.3 % annual return on these bonds.
A zero coupon bond has a face value of
$1,000
and matures in
4
years. Investors require a(n)
7.3 %
annual return on these bonds. What should be the selling price of the bond?
The price of the bond is
$___
(Round to the nearest cent).
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Succeeding in Business with Microsoft Excel 2013 A Problem Solving Approach
Authors: Debra Gross, Frank Akaiwa, Karleen Nordquist
1st edition
978-1285099149, 9781285963969, 1285099141, 1285963962, 978-1285715346
