Question
Highland Corp., a U.S. company, has a 6 year bond whose yield to maturity is 5 percent. The bond has no coupon payments but assume
Highland Corp., a U.S. company, has a 6 year bond whose yield to maturity is 5 percent. The bond has no coupon payments but assume semi annual compounding. What is the price of this zero coupon bond? Round the answer to 2 decimal places.
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The Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
12th Global Edition
1292268859, 978-1292268859
