Question
You purchase a zero coupon bond with 21 years to maturity and a yield to maturity of 5.29 percent. The bond has a par value
You purchase a zero coupon bond with 21 years to maturity and a yield to maturity of 5.29 percent. The bond has a par value of $1,000. What is the implicit interest for the first year? Assume semiannual compounding.
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Financial Statement Analysis
Authors: Charles H. Gibson
13th International Edition
1133189407, 9781133189404
