Question
You purchase a zero coupon bond with 11 years to maturity and a yield to maturity of 4.89 percent. The bond has a par value
You purchase a zero coupon bond with 11 years to maturity and a yield to maturity of 4.89 percent. The bond has a par value of $1,000. What is the implicit interest for the first year? Assume semiannual compounding.
$28.37
$27.93
$29.09
$25.46
$28.12
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The Handbook Of Mortgage Backed Securities
Authors: Frank Fabozzi
6th Edition
0071460748, 978-0071460743
