Question
You find a zero coupon bond with a par value of $10,000 and 15 years to maturity. The yield to maturity on this bond is
You find a zero coupon bond with a par value of $10,000 and 15 years to maturity. The yield to maturity on this bond is 4.8 percent. Assume semiannual compounding periods.
What is the price of the bond?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Price .......$
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International Business The Challenges Of Globalization
Authors: John J. Wild, Kenneth L. Wild
9th Edition
0134729226, 978-0134729220
