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Problem 7-9 Zero Coupon Bonds [LO2) You find a zero coupon bond with a par value of $10,000 and 30 years to maturity. The yield
Problem 7-9 Zero Coupon Bonds [LO2) You find a zero coupon bond with a par value of $10,000 and 30 years to maturity. The yield to maturity on this bond is 5.2 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.) Price
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Public Finance And Public Policy
Authors: Arye L. Hillman
2nd Edition
0521738059, 978-0521738057
