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Zero-coupon bond. Wesley Company will issue a zero-coupon bond this coming month. The projected bond yield is 8%. 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 8%. If the par value is $5,000, 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?
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