Question
You have a zero-coupon bond with a par value of $10,000 and 13 years to maturity. If the yield to maturity on this bond is
You have a zero-coupon bond with a par value of $10,000 and 13 years to maturity. If the yield to maturity on this bond is 4.7%, what is the price of the bond? Assume semiannual compounding of interest.
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Financial Management For Public, Health, And Not-for-Profit Organizations
Authors: Steven A. FinklerDaniel L. Smith, Thad D. Calabrese
6th Edition
978-1506396811, 150639681X
