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What is the price of a zero coupon (1,000 face value) bond with FIVE years to maturity when the required rate of return is 5%?
What is the price of a zero coupon (1,000 face value) bond with FIVE years to maturity when the required rate of return is 5%? a. $677.20 b. $783.53 c. $813.35 d. $923.36 e. $1120.35 Show solutions
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Building Financial Models
Authors: John Tjia
2nd Edition
0071608893, 978-0071608893
