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Please show your work You find a zero coupon bond with a par value of $10,000 and 12 years to maturity. The yield to maturity
Please show your work
You find a zero coupon bond with a par value of $10,000 and 12 years to maturity. The yield to maturity on this bond is 4.9 percent. Assume semiannual compounding periods. |
What is the price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
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