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Explanation please. b. The price of a 1-year zero-coupon bond is 90 . At maturity, the bond promises to pay a principal amount of $100.
Explanation please.
b. The price of a 1-year zero-coupon bond is 90 . At maturity, the bond promises to pay a principal amount of \$100. What is the corresponding yield or interest rateStep by Step Solution
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