Question
An investor purchases a zero coupon bond with 22 years to maturity at a price of $322.58. The bond has a par value of $1,000.
An investor purchases a zero coupon bond with 22 years to maturity at a price of $322.58. The bond has a par value of $1,000. What is the implicit interest for the first year? Assume semiannual compounding.
$17.02
$14.90
$17.45
$16.21
$16.46
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Impact Investing In Africa A Guide To Sustainability For Investors Institutions And Entrepreneurs
Authors: Edward Mungai
1st Edition
3030004279,3030004287
