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q37 Irrawaddy Flotilla Company Ltd has just issued some zero-coupon bonds with a 10-year term to maturity. The face value per bond is $1,000. Assume
q37 
Irrawaddy Flotilla Company Ltd has just issued some zero-coupon bonds with a 10-year term to maturity. The face value per bond is $1,000. Assume that similar bonds trade at a market rate of interest (i.e. yield to maturity) of 6% p.a. effective. The best estimate of the value of one of these bonds is Select one: a. $639.83 O b. $577.21 c. $558.39 O d. $633.82
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Business Analysis And Valuation Using Financial Statements Text And Cases
Authors: Krishna G. Palepu, Paul M. Healy, Victor L Bernard
3rd Edition
0324118945, 9780324118940
