Question
Calculate the price of a zero coupon bond that matures in 22 years if the market interest rate is 4.7 percent. (Do not round intermediate
| Calculate the price of a zero coupon bond that matures in 22 years if the market interest rate is 4.7 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) |
| Zero coupon bond price | $ |
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Finance Introduction To Institutions Investments And Management
Authors: Ronald W. Melicher, Edgar A. Norton
11th Edition
0470004460, 978-0470004463
