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P6-13 (similar to) Question Help Zero-coupon bond Addison Company will issue a zero-coupon bond this coming month. The bond's projected yield is 8%. If the

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P6-13 (similar to) Question Help Zero-coupon bond Addison Company will issue a zero-coupon bond this coming month. The bond's projected yield is 8%. If the par value is $1,000, what is the bond's price using a semiannual convention if a. the maturity is 15 years? b. the maturity is 40 years? c. the maturity is 70 years? d. the maturity is 90 years? a. What is the price of the bond using a semiannual convention if the maturity is 15 years? $ (Round to the nearest cent.) Enter your answer in the answer box and then click Check

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