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Problem 7-12 Zero Coupon Bond Price (LG7-4) Calculate the price of a zero-coupon bond that matures in 12 years if the market interest rate
Problem 7-12 Zero Coupon Bond Price (LG7-4) Calculate the price of a zero-coupon bond that matures in 12 years if the market interest rate is 5.35 percent. Assume semiannual compounding. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Zero-coupon bond price
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
