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Consider the following $1,000-par-value zero-coupon bonds: Bond Years of Maturity Price A 1 $ 909.09 B 2 811.62 C 3 711.78 D 4 635.52 The
Consider the following $1,000-par-value zero-coupon bonds:
| Bond | Years of Maturity | Price | ||
| A | 1 | $ | 909.09 | |
| B | 2 | 811.62 | ||
| C | 3 | 711.78 | ||
| D | 4 | 635.52 | ||
The yield to maturity on bond B is
| 11%. | ||
| 12%. | ||
| 10%. | ||
| None of the options are correct. | ||
| 14%. |
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Contemporary Issues In Development Finance
Authors: Joshua Yindenaba Abor, Robert Lensink, Charles Komla Delali Adjasi
1st Edition
1138324329, 978-1138324329
