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Please show how to work this out. 1. Suppose that you have purchased a 3-year zero- coupon bond with face value of $1000 and a
Please show how to work this out.
1. Suppose that you have purchased a 3-year zero- coupon bond with face value of $1000 and a price of $850. If you hold the bond to maturity, what is your annual return Step by Step Solution
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