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What is the value of a 27 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 27 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?
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The Smart Investors Survival Guide
Authors: Charles Carlson
1st Edition
0385503873, 978-0385503877
