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Zero-coupon bond. Wesley Company will issue a zero-coupon bond this coming month. The projected bond yield is 9%. If the par value is $5,000, what
Zero-coupon bond. Wesley Company will issue a zero-coupon bond this coming month. The projected bond yield is 9%. If the par value is $5,000, what is the bond's price using a semiannual convention if a. the maturity is 15 years? b. the maturity is 30 years? c. the maturity is 70 years? d. the maturity is 90 years? a. What is the price of the bond using a semiannual convention if the maturity is 15 years? (Round to the nearest cent.)
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