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A zero coupon bond has a face value of $ 1 comma 000$1,000 and matures in 44 years. Investors require a(n) 7.4 %7.4% annual return
A zero coupon bond has a face value of
$ 1 comma 000$1,000
and matures in
44
years. Investors require a(n)
7.4 %7.4%
annual return on these bonds. What should be the selling price of the bond?
The price of the bond is
$
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International Financial Management
Authors: Cheol Eun
9th Edition
1260788865, 9781260788860
