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A zero coupon bond is trading at 50% of its par value. Assuming yield-to-maturity is 15% per year. What is the time to maturity?
A zero coupon bond is trading at 50% of its par value. Assuming yield-to-maturity is 15% per year. What is the time to maturity?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
