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What would be the initial offering price for the following bonds (assume semiannual compounding): a. A 15- ear zero-coupon bond with a yield to maturity
What would be the initial offering price for the following bonds (assume semiannual compounding): a. A 15- ear zero-coupon bond with a yield to maturity (XTM) of 12 percent?. 2. b. A 25-year zero-coupon bond with a YTM of 10 percent
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