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What is the market value of a zero coupon bond with 5 years to maturity? The bond was originally sold with a yield to maturity
What is the market value of a zero coupon bond with 5 years to maturity? The bond was originally sold with a yield to maturity equal to 11 percent, but the market rate today is 9 percent.
| a. | $577 | |
| b. | $593 | |
| c. | $621 | |
| d. | $650 |
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Municipal Finances A Handbook For Local Governments
Authors: Catherine D. Farvacque-Vitkovic, Mihaly Kopanyi
1st Edition
