Question
By convention, zero bonds are assumed to pay $0 semi-annually. A 15-year zero-coupon bond that has a par value of $1,000 and a required return
By convention, zero bonds are assumed to pay $0 semi-annually. A 15-year zero-coupon bond that has a par value of $1,000 and a required return of 8% would be priced at approximately
| a. $308.32 | ||
| b. $315.23 | ||
| c. None of the options are correct. | ||
| d. $464.32 | ||
| e. $555.23 |
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Investments An Introduction
Authors: Herbert B Mayo
11th Edition
1133936520, 9781133936527
