Question
What is the present value (aka price) of a 22-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 22-year, pure discount bond (zero coupon bond) that pays $1000 at maturity if it is priced to yield 9.37% per year (YTM)?Answer to 2decimal places.
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
