Question
What is the value of a 25 year bond that makes no coupon payments (0-coupon) with a yield to maturity (quoted rate) of 3.5 %
What is the value of a 25 year bond that makes no coupon payments (0-coupon) with a yield to maturity (quoted rate) of 3.5 % and a maturity value of $1000? Note, I know the question says bond, but it actually is a simple present-value problem. Calculate your answer to the nearest $.01. Enter your answer as a postive number.Your Answer:
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Personal Finance Building Your Future
Authors: Robert B. Walker, Kristy P. Walker
1st edition
9780077861728, 978-0073530659
