Question
Atlantis Fisheries issues zero coupon bonds on the market at a price of $657 per bond. Each bond has a face value of $1,000 payable
Atlantis Fisheries issues zero coupon bonds on the market at a price of $657 per bond. Each bond has a face value of $1,000 payable at maturity in 14 years.
What is the yield to maturity for these bonds?
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Finance Applications And Theory
Authors: Marcia Millon Cornett, John R. Nofsinger, Troy Adair
3rd International Edition
1259252221, 9781259252228
