Question
An investor purchases a zero coupon bond with 13 years to maturity at a price of $480.79. The bond has a par value of $1,000.
An investor purchases a zero coupon bond with 13 years to maturity at a price of $480.79. The bond has a par value of $1,000. What is the implicit interest for the first year? Assume semiannual compounding.
Multiple Choice
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$24.38
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$28.56
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$27.86
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$26.53
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Handbook Of Research On Decision Making Techniques In Financial Marketing
Authors: Hasan Dinçer, Serhat Yüksel
1st Edition
1799825590, 978-1799825593
