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You find a zero coupon bond with a par value of $10,000 and 29 years to maturity. The yield to maturity on this bond is
You find a zero coupon bond with a par value of $10,000 and 29 years to maturity. The yield to maturity on this bond is 5.1 percent. Assume semiannual compounding periods. What is the dollar price of the bond?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
