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You have seen the formula for deriving the yield to maturity on a bond. What will the formula be for a zero-coupon bond (one that
- You have seen the formula for deriving the yield to maturity on a bond. What will the formula be for a zero-coupon bond (one that pays no coupon, but one cash payment at the end)? Explain (important).
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
