Question
Calculate the price of a zero coupon bond that matures in 15 years if the market interest rate is 5.5 percent. (Do not round intermediate
| Calculate the price of a zero coupon bond that matures in 15 years if the market interest rate is 5.5 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.) |
Par Value $1000
| Zero coupon bond price | $ |
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Introduction To Derivatives And Risk Management
Authors: Don M. Chance, Robert Brooks
10th Edition
130510496X, 978-1305104969
