Question
Atlantis Fisheries issues zero coupon bonds on the market at a price of $417 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 $417 per bond. Each bond has a face value of $1,000 payable at maturity. What is the yield to maturity of the bond? (Assume semi-annual coupon payments unless it is explicitly stated to use annual coupon payments)
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Risk Management And Financial Institutions
Authors: John C Hull
6th Edition
1119932483, 9781119932482
