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There are zero coupon bonds outstanding that have a YTM of 6.21 percent and mature in 15 years. The bonds have a par value of
There are zero coupon bonds outstanding that have a YTM of 6.21 percent and mature in 15 years. The bonds have a par value of $10,000. If we assume semiannual compounding, what is the price of the bonds?
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College Accounting Chapters 1-9
Authors: James Heintz
22nd Edition
1305888537, 978-1305666184
