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Question 8 ZERO COUPON BONDS You invest $960 in a zero coupon bond on Jan 1st, 2022 The bond has a face value of
Question 8 ZERO COUPON BONDS You invest $960 in a zero coupon bond on Jan 1st, 2022 The bond has a face value of $1,000 which you will receive at the maturity date on Aug 31st, 2022. a) What is the duration of the bond? (number of days) b) What is the yield-to-maturity (YTM)?
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Financial Accounting
Authors: Warren, Reeve, Duchac
12th Edition
1133952410, 9781133952411, 978-1133952428
