Question
An investor purchases a zero coupon bond with 20 years to maturity at a price of $341.51. The bond has a par value of $1,000.
An investor purchases a zero coupon bond with 20 years to maturity at a price of $341.51. The bond has a par value of $1,000. What is the implicit interest for the first year? Assume semiannual compounding. a.$19.32 b.$16.49 c.$17.95 d.$18.85 e.$18.22
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Development Finance Innovations For Sustainable Growth
Authors: Nicholas Biekpe, Danny Cassimon, Andrew William Mullineux
1st Edition
331954165X, 978-3319541655
