Question
You are contemplating the purchase of a 3 year, zero coupon bond. For the risk involved you require that the bond provides a yield to
You are contemplating the purchase of a 3 year, zero coupon bond. For the risk involved you require that the bond provides a yield to maturity of 7%. If the bond has a face value of $1000 and is currently trading for $915.10 in the market, is the bond acceptable to you? Why or why not?
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Practical Financial Management
Authors: William R. Lasher
8th edition
1305637542, 978-1305887237, 1305887239, 978-1305637542
