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A zero-coupon bond with a par value of $1,000 is maturing in 8 years. Its current price is $820. Compute the bonds yield to maturity.
A zero-coupon bond with a par value of $1,000 is maturing in 8 years. Its current price is $820.
- Compute the bonds yield to maturity.
- What will happen to the bonds price if its yield to maturity decreases? Please explain your answer for full credit
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 10th Edition
1337902578, 978-1337902571
