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Addison Company will issue a zero-coupon bond this coming month. The bond's projected yield is 7%. If the par value is $1,000, what is the
Addison Company will issue a zero-coupon bond this coming month. The bond's projected yield is 7%. If the par value is $1,000, what is the bond's price using a semiannual convention if
a.the maturity is 15 years?
b.the maturity is 35 years?
c.the maturity is 70 years?
d.the maturity is 80 years?
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