Question
You find a zero coupon bond with a par value of $10,000 and 19 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 19 years to maturity. The yield to maturity on this bond is 4.7 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
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Comparative Public Budgeting
Authors: George M Guess
2nd Edition
1316648109, 978-1316648100
