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A zero - coupon bond has a face value of R 1 0 0 0 0 . it matures in 1 3 years. The yield

A zero

-

coupon bond has a face value of R

10000 .

it matures in

13

years. The yield to maturity is

4.7 % .

Assume semi

-

annual compounding

.

Calculate the value of the bond.

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