Question
Zero coupon bonds: Rockinghouse Ltd plans toissue seven-year zero coupon bonds. It has learned that these bondswill sell today at a price of $414.42. Face
Zero coupon bonds: Rockinghouse Ltd plans toissue seven-year zero coupon bonds. It has learned that these bondswill sell today at a price of $414.42. Face value of bonds - $1000.Yield to maturity on these bonds is ____%
(Round your answer to 2 decimal places. Allintermittent calculations should be rounded to 4 decimal placesbefore carrying to next calculation.)
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Financial Theory and Corporate Policy
Authors: Thomas E. Copeland, J. Fred Weston, Kuldeep Shastri
4th edition
321127218, 978-0321179548, 321179544, 978-0321127211
