Question
Given a zero-coupon bond (does not make any coupon payment) with a current market price of $550, face value of $1,000 and 13 years to
Given a zero-coupon bond (does not make any coupon payment) with a current market price of $550, face value of $1,000 and 13 years to maturity. What is the yield to maturity if the interest on this bond is compounded semiannually?
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Quantitative Finance Its Development Mathematical Foundations And Current Scope
Authors: T. Wake Epps
1st Edition
0470431997, 9780470431993
