Question
A zero-coupon bond has a yield to maturity of 7% and a par value of $1,000. If the bond matures in 21 years, it should
A zero-coupon bond has a yield to maturity of 7% and a par value of $1,000. If the bond matures in 21 years, it should sell for a price of $_________ today. (please use or round to 2 decimal places, for example, if your answer is $1,084.419, enter 1084.43, if your answer is $1,000, enter 1000.00)
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
