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The Shamrock Corporation has just issued a $ 1 , 0 0 0 par value zero - coupon bond with an 6 . 0 0
The Shamrock Corporation has just issued a $ par value zerocoupon bond with an percent yield to maturity, due to mature years from today. Assume semiannual compounding. a What is the market price of the bond, rounded to the nearest cent? A
b If interest rates rise to percent, what will be the price of the bond in three years, rounded to the nearest cent?
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