Question
What is the market yield-to-maturity (YTM) of a Zero Coupon Bond that pays $1,000 face at maturity in 10 years from now? The current market
What is the market yield-to-maturity (YTM) of a Zero Coupon Bond that pays $1,000 face at maturity in 10 years from now? The current market price of this bond is $614. (use annual discounting ,fin. calculator or approximate YTM formula)
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The Concepts And Practice Of Mathematical Finance
Authors: Mark S. Joshi
2nd Edition
0521514088, 9780521514088
