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A zero-coupon bond is a bond that pay no interest payment. You buy the bond at a discount from the face value ($1000) and
A zero-coupon bond is a bond that pay no interest payment. You buy the bond at a discount from the face value ($1000) and are paid the face amount when the bond matures. A zero-coupon bond that will pay $1,000 in 10 years is. selling today for $422.41. What interest rate does the bond offer?
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Financial Analysis with Microsoft Excel
Authors: Timothy R. Mayes, Todd M. Shank
7th edition
1285432274, 978-1305535596, 1305535596, 978-1285432274
