Question
What is the present value (aka price) of a 29-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 29-year, pure discount bond (zero coupon bond) that pays $1000 at maturity if it is priced to yield 7.69% per year (YTM)?Answer to 2decimal places.
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Focus On Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
5th Edition
0077861744, 978-0077861742
