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Assuming semiannual compounding, what is the price of azero coupon bond with 15 years to maturity paying $1,000 at maturity if the YTM is(Do not
Assuming semiannual compounding, what is the price of azero coupon bond with 15 years to maturity paying $1,000 at maturity if the YTM is(Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.): |
Price of the Bond | ||
a. | 7 percent | $ |
b. | 11 percent | $ |
c. | 15 percent | $ |
|
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