Question
There is a zero coupon bond that sells for $437.81 and has a par value of $1,000. If the bond has 12 years to maturity,
There is a zero coupon bond that sells for $437.81 and has a par value of $1,000. If the bond has 12 years to maturity, what is the yield to maturity? Assume semiannual compounding.
Options
6.72% 7.00% 6.77% 7.13% 6.83%
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Competing On Analytics The New Science Of Winning
Authors: Thomas H Davenport, Jeanne G Harris, Gary Loveman
1st Edition
1422103323, 9781422103326
