Question
The zero coupon bonds of JK Industries have a market price of $654.27, a face value of $1,000, and a yield to maturity of 5.2
The zero coupon bonds of JK Industries have a market price of $654.27, a face value of $1,000, and a yield to maturity of 5.2 percent. How many years is it until these bonds mature? Assume semiannual compounding.
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Financial Management In The Sport Industry
Authors: Matthew T Brown, Daniel Rascher, Mark S Nagel, Chad Mcevoy
1st Edition
1934432040, 978-1934432044
