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You are purchasing a 10-year, zero-coupon bond. The yield to maturity is 8.68 percent and the face value is $1,000. What is the current market
You are purchasing a 10-year, zero-coupon bond. The yield to maturity is 8.68 percent and the face value is $1,000. What is the current market price? Assume semi-annual compounding. A. $427.55 B. $653.87 C. $189.24 D. $182.80
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