Question
Assume a zero-coupon bond that sells for $383 will mature in 20 years at $2,150. Use Appendix B for an approximate answer but calculate your
Assume a zero-coupon bond that sells for $383 will mature in 20 years at $2,150. Use Appendix B for an approximate answer but 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.)
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Lessons In Corporate Finance
Authors: Paul Asquith, Lawrence A. Weiss
2nd Edition
1119537835, 978-1119537830
