Question
Assume a zero-coupon bond that sells for $272 will mature in 15 years at $1,300. Calculate your final answer using the formula and financial calculator
Assume a zero-coupon bond that sells for $272 will mature in 15 years at $1,300. Calculate your final answer using the formula and financial calculator methods.
What is the effective yield to maturity? (Assume annual compounding. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
Effective yield to maturity:__________%
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Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Louis Gapenski
1st Edition
1567930905, 978-1567930900
