Question
What is the present value (aka price) of a 20-year, pure discount bond (zero coupon bond) that pays $1000 at maturity if it is priced
What is the present value (aka price) of a 20-year, pure discount bond (zero coupon bond) that pays $1000 at maturity if it is priced to yield 8.88% per year (YTM)? Answer to 2 decimal places.
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International Finance Theory And Policy
Authors: Paul Krugman, Maurice Obstfeld, Marc Melitz
12th Global Edition
1292417005, 978-1292417004
