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Zero-coupon bond. Addison Company will issue a zero-coupon bond this coming month. The bond's projected yield is 8%. If the par value is $1,000, what
Zero-coupon bond. Addison Company will issue a zero-coupon bond this coming month. The bond's projected yield is 8%. If the par value is $1,000, what is the bond's price using a semiannual convention if a. the maturity is 20 years? b. the maturity is 40 years? c. the maturity is 60 years? d. the maturity is 100 years? af
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