Question
Someone has issued a $10,000 bond with zero coupon. It has 20 years remaining to its original 30-year maturity and the market is looking for
Someone has issued a $10,000 bond with zero coupon. It has 20 years remaining to its original 30-year maturity and the market is looking for a yield of 8%. What is the price of the bond today?
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
