You are purchasing a 19.5 years, zero- coupon bound . The yield to maturity is 6.51percent compound semi- annually and the face value is 1000. What is the current market price

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
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 You are purchasing a 19.5 years, zero- coupon bound . The yield to maturity is 6.51percent compound semi- annually and the face value is 1000. What is the current market price

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