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Which one is correct?? Question 3.2 Homework. Answered Cronos Inc just issued zero coupon bonds due in 8.5 years. The bonds were issued at a
Which one is correct??
Question 3.2 Homework. Answered Cronos Inc just issued zero coupon bonds due in 8.5 years. The bonds were issued at a yield to maturity of 3.95%. The price per 100 received by Cronos is closest to: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $71.94. Your answer b $71.71 $51.76. Hint A zero-coupon bond does not pay coupon interest payments and is issued at a discount. We would still assume the bonds are semi- annual for calculation purposes, thoughStep by Step Solution
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