Question
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? 4.96
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?
| 4.96 years | ||
| 6.56 years | ||
| 2.00 years | ||
| 5.79 years | ||
| 6.35 years |
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
