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You are purchasing a 25-year, zero-coupon bond. The yield to maturity is 8.68 percent and the face value is $1,000. Interest is assumed to be
You are purchasing a 25-year, zero-coupon bond. The yield to maturity is 8.68 percent and the face value is $1,000. Interest is assumed to be earned on a semi-annual basis. What is the current market price?
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Personal Finance
Authors: Jeff Madura
7th Edition
0134989961, 978-0134989969
