Consider a zero-coupon bond with a maturity of 13 years and a face value of $1 Million. If the current market price of the bond is $751,226, and interest accrues semi-annually, what is the nominal yield-to-maturity of the bond?
Consider a zero-coupon bond with a maturity of 13 years and a face value of $1 Million. If the current market price of the bond is $751,226, and interest accrues semi-annually, what is the nominal yield-to-maturity of the bond?
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 8P
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Consider a zero-coupon bond with a maturity of 13 years and a face value of $1 Million.
If the current market price of the bond is $751,226, and interest accrues semi-annually, what is the nominal yield-to-maturity of the bond?
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