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The value of a 20 year zero-coupon bond when the market required rate of return is 9% (semiannual) is ____. A) $171.93 B) $178.43 C)
The value of a 20 year zero-coupon bond when the market required rate of return is 9% (semiannual) is ____. A) $171.93 B) $178.43 C) $318.38 D) $414.64 E) None of the above Part 2: A General Co. bond has an 8% coupon and pays interest annually. The face value is $1,000 and the current market price is $1,020.50. The bond matures in 20 years. What is the yield to maturity? 7.79% 8.12% 7.82% 8.04% 8.00%
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