Question
Calculate the price of a zero coupon bond that matures in 14 years if the market interest rate is 6.25 percent. (Do not round intermediate
| Calculate the price of a zero coupon bond that matures in 14 years if the market interest rate is 6.25 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.) |
| Zero coupon bond price | $ |
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Fundamentals Of Financial Institutions Management
Authors: Marcia Cornett, Anthony Saunders
1st Edition
0256253676, 9780256253672
