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You just bought a zero-coupon bond that matures one year from now. Its YTM is 9.1% (assuming semi-annual frequency) and its face value is $1,000.
You just bought a zero-coupon bond that matures one year from now. Its YTM is 9.1% (assuming semi-annual frequency) and its face value is $1,000. Assuming that you personal income tax rate is 32%, what is your after-tax cash flow one year from now?
Do not include the dollar sign ($). Round your answer to 2 decimal places and respect the sign of the cash flow, e.g., 50.16 or -49.34.
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