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Posted on Aug 02, 2024

You bought a 2 0 - year, zero coupon bond with a face value of $ 1 , 0 0 0 and a yield to

You bought a

20 -

year, zero coupon bond with a face value of $

1, 000

and a yield to maturity of

2.8 % (

Expressed as an EAR, you don't need to deal with the simple rate issue.

)

What is the price of the bond today?

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