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What is the price of a mortgage-backed zero-coupon bond issued today at the follwoing terms: maturity = 25 years; face value = $10,000; yield to
What is the price of a mortgage-backed zero-coupon bond issued today at the follwoing terms: maturity = 25 years; face value = $10,000; yield to maturity = 12.50% (with semi-annual compounding).
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