Question
On June 10, 1990, 10-year pure discount bonds (maturing June 2000) issued by the US Treasury with a $100,000 face value were trading with an
On June 10, 1990, 10-year pure discount bonds (maturing June 2000) issued by the US Treasury with a $100,000 face value were trading with an annual yield of 0.725%.
At what price were the pure discount bonds trading in the market at the time of issue?
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown, Sanford J. Leeds
11th Edition
1305262999, 1305262997, 035726164X, 978-1305262997
