Question
P10.12 Rhonda purchased a 12% zero coupon bond with a 20 year maturity and a $15,000 par value 20 years ago. The bond matures tomorrow.
P10.12 Rhonda purchased a 12% zero coupon bond with a 20 year maturity and a $15,000 par value 20 years ago. The bond matures tomorrow. How much will Rhonda receive in total from this investment, assuming all payments were made on these bonds as expected?
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Financial Management Principles And Applications
Authors: Sheridan Titman, John Martin
14th Global Edition
1292349824, 978-1292349824
