Question
Suppose today you could buy a 15-year zero coupon bond for $420. If you purchase the bond at that price and hold it to maturity,
Suppose today you could buy a 15-year zero coupon bond for $420. If you purchase the bond at that price and hold it to maturity, and interest rate compounded quarterly, what is your YTM per quarter and per year? Assume face value is $1000
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Public Finance In Canada
Authors: Harvey S. Rosen, Wen, Snoddon
4th Canadian Edition
0070071837, 978-0070071834
