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. The market value of an 18-year zero-coupon bond with a maturity value of $1,000 discounted at a 12% annual interest rate with semi-annual compounding
. The market value of an 18-year zero-coupon bond with a maturity value of $1,000 discounted at
a 12% annual interest rate with semi-annual compounding is closest to:
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
7th Edition
0538877766, 9780538877763
