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There is a zero coupon bond that sells for $4,469.32 and has a par value of $10,000. If the bond has 22 years to maturity,
There is a zero coupon bond that sells for $4,469.32 and has a par value of $10,000. If the bond has 22 years to maturity, what is the yield to maturity? Assume semiannual compounding.
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Public Finance
Authors: Harvey S Rosen
6th Edition
0072374055, 978-0072374056
