Consider a zero-coupon bond with a $1000 face value and 8 years left until maturity. If the YTM of this bond is 8.4%, then what is the price of this bond? The price of this bond is $ (round to two decimal places)
Consider a zero-coupon bond with a $1000 face value and 8 years left until maturity. If the YTM of this bond is 8.4%, then what is the price of this bond? The price of this bond is $ (round to two decimal places)
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 8P
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Consider a zero-coupon bond with a $1000 face value and 8 years left until maturity. If the YTM of this bond is
8.4%, then what is the price of this bond?
The price of this bond is $ (round to two decimal places)
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