Question
Alex purchases a 10-year, zero-coupon bond today with a yield to maturity of 7.5% and face value of $1,000. What is the price of the
Alex purchases a 10-year, zero-coupon bond today with a yield to maturity of 7.5% and face value of $1,000. What is the price of the bond today?
Group of answer choices
B. $831.00
D. $930.23
C. $692.02
E. $1,000.00
A. $485.19
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Financial Intelligence For IT Professionals
Authors: Karen Berman, Joe Knight, John Case
1st Edition
1422119149, 9781422119143
