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The Shamrock Corporation has just issued a $1,000 par value zero-coupon bond with an 6.00 percent yield to maturity, due to mature 13 years
The Shamrock Corporation has just issued a $1,000 par value zero-coupon bond with an 6.00 percent yield to maturity, due to mature 13 years from today. (Assume semiannual compounding.) a. What is the market price of the bond, rounded to the nearest cent? b. If interest rates rise A/ to 10 percent, what will be the price of the bond in three years, rounded to the nearest cent?
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An Introduction to Investment Banks, Hedge Funds, and Private Equity
Authors: David P. Stowell
1st edition
978-0123745033, 0123745039, 978-9380931074
