What is the current yield on a zero coupon bond with a remaining life of 11 years, a yield to maturity of 5.1%, and a par value of $1000? (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34 and state as an annual rate.)
What is the current yield on a zero coupon bond with a remaining life of 11 years, a yield to maturity of 5.1%, and a par value of $1000? (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34 and state as an annual rate.)
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 8P
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What is the current yield on a zero coupon bond with a remaining life of 11 years, a yield to maturity of 5.1%, and a par value of $1000? (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34 and state as an annual rate.)
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