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What is the yield on zero-coupon bond that sold for $651.50 (at time zero), that has a 10-year term, a 0% coupon rate with
What is the yield on zero-coupon bond that sold for $651.50 (at time zero), that has a 10-year term, a 0% coupon rate with no interest payments (just reminding you what a zero-coupon bond is!), and a $1000 par value? (Students, this is a RATE problem, you are solving for RATE) PV= Rate= NPER = PMT= FV=
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PV 65150 Rate NPER 10 years PMT 0 FV 1000 Using the formula for calcu...
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
