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Compute the value of a $1,000 par value, zero-coupon bond that matures 20 years from today assuming the bond's required rate of return (YTM) is
Compute the value of a $1,000 par value, zero-coupon bond that matures 20 years from today assuming the bond's required rate of return (YTM) is 11%. Assume semiannual compounding. Attach Excel file to show your calculations.
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