Question
A zero coupon bond has recently traded for $856.65 and has 24 years to maturity. What is the implied annual yield to maturity of this
A zero coupon bond has recently traded for $856.65 and has 24 years to maturity. What is the implied annual yield to maturity of this bond?
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
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