Question
USE CALCULATOR BA II PLUS KEYS! This morning Tim purchased a 15-year, $1,000 face-value zero-coupon bond for $394.34. Assume the yield-to-maturity remains constant over the
USE CALCULATOR BA II PLUS KEYS!
This morning Tim purchased a 15-year, $1,000 face-value zero-coupon bond for $394.34. Assume the yield-to-maturity remains constant over the life of the bond. What price should Tim receive for his bond if he wants to sell it 4 years from today?
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Public Finance A Contemporary Application of Theory to Policy
Authors: David N Hyman
11th edition
9781305474253, 1285173953, 1305474252, 978-1285173955
