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You invest in a 5 4 month $ 6 , 8 1 1 zero - coupon corporate bond at a simple discount rate of 2
You invest in a month $ zerocoupon corporate bond at a simple discount rate of per year. Determine the price of the bond and the true interest rate on the bond.
a The price of the bond is $
Round to decimal places
b The true interest rate of the bond isRound to decimal places
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