A zero-coupon ($1,000 par value) bond that matures in 10 years has a promised yield of 9%.

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A zero-coupon ($1,000 par value) bond that matures in 10 years has a promised yield of 9%. What is the bond’s price?

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Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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Question Posted: Apr 28, 2015 03:47 AM

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A zero-coupon ($1,000 par value) bond that matures in 10 years has a promised yield of 9%.

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Fundamentals of Investing

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