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What is the value of a 28 year 0 -coupon bond with a yield to maturity (quoted rate) of 8.7% and a maturity value of
What is the value of a 28 year 0 -coupon bond with a yield to maturity (quoted rate) of 8.7% and a maturity value of $1000 ? Assume semi-annual compounding of interest. Calculate your answer to the nearest \$.01. Enter your answer as a postive number. Your Step by Step Solution
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The Routledge Handbook Of FinTech
Authors: K. Thomas Liaw
1st Edition
0367263599, 978-0367263591
