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help please? Please select the correct answer choice. Question 10 4 pts A zero coupon bond pays no annual coupon interest payments. When it matures
help please?
Please select the correct answer choice. Question 10 4 pts A zero coupon bond pays no annual coupon interest payments. When it matures at the end of 9 years it pays out $1,000. If investors wish to earn 4.65% per year on this bond investment, what is the current price of the bond? (Round to the nearest dollar.) $661 $657 $664 $659Step by Step Solution
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Continuous Time Finance
Authors: Robert C. Merton
1st Edition
0631185089, 978-0631185086
