Question
A zero-coupon bond is a bond that doesnt pay periodic coupons; it only pays the face value at maturity. A $1,000 par zero coupon bond
A zero-coupon bond is a bond that doesnt pay periodic coupons; it only pays the face value at maturity. A $1,000 par zero coupon bond matures in 6 years. If comparable bonds have a YTM of 7%, what should be its quoted price?
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
6th Edition
0077211332, 9780077211332
