Question
Ben Kerr is contemplating buying a zero coupon bond that matures in 10 years and has a face value of $19000. If the bond yields
Ben Kerr is contemplating buying a zero coupon bond that matures in 10 years and has a face value of $19000. If the bond yields a return of 4.25% per year, how much should Ben pay for the bond? (Round your answer to 2 decimal places.)
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Financial Reporting And Statement Analysis A Strategic Perspective
Authors: Clyde P. Stickney, Paul Brown
4th Edition
0030238110, 978-0030238116
