Question
Mickey and Minnie just bought a zero coupon bond for $567.02, but they cannot recall when it matures. The yield to maturity equals 8.4%. Can
Mickey and Minnie just bought a zero coupon bond for $567.02, but they cannot recall when it matures. The yield to maturity equals 8.4%. Can you help Mickey and Minnie? The bond's face value is $1000. (Assume annual discounting) (Enter your answer in years and round to 2 decimal places.)
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Fundamentals Of Healthcare Finance
Authors: Paula H. Song, Kristin L. Reiter
4th Edition
1640553223, 978-1640553224
