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Please Help!!! Janet just purchased a $1,000 face value zero-coupon bond with a 15-year maturity. If this bond has an expected yield to maturity of
Please Help!!!
Janet just purchased a $1,000 face value zero-coupon bond with a 15-year maturity. If this bond has an expected yield to maturity of 8.5%, what is the price that Janet paid for the bond? (use the conventional method of pricing zero-coupon bonds i.e. semi-annual compounding)
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