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I am currently struggling with this finance question can you please assist? Thank you. A pure discount (or zero-coupon) government bond has a face value
I am currently struggling with this finance question can you please assist? Thank you.
A pure discount (or zero-coupon) government bond has a face value of $25,000 and a yield of 5.738%. If the current price of the bond is $15,900,what is the maturity of the bond in years? Recall that the compounding interval for bonds is 6 months.
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
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