Question
A zero coupon bond with a face value of $1,000 is issued with an initial price of $489.86. The bond matures in 25 years. What
A zero coupon bond with a face value of $1,000 is issued with an initial price of $489.86. The bond matures in 25 years. What is the implicit interest, in dollars, for the first year of the bond's life?
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
4th Edition
0072996862, 9780072996869
