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What is the value of a 10 year 0-coupon bond with a yield to maturity (quoted rate) of 9.9 % and a maturity value of
What is the value of a 10 year 0-coupon bond with a yield to maturity (quoted rate) of 9.9 % and a maturity value of $1000? Assume semi-annual compounding of interest. Calculate your answer to the nearest $.01.
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