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The price of a perpetuity paying $1 each year is 10 times as high as the price of a 4-year annuity paying $2 each year.
The price of a perpetuity paying $1 each year is 10 times as high as the price of a 4-year annuity paying $2 each year. What's the price of a 4-year zero-coupon bond, with par value $100, to the nearest dollar?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
