A zero-coupon ($1,000 par value) bond that matures in eight years has a promised yield of 7%.

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A zero-coupon ($1,000 par value) bond that matures in eight years has a promised yield of 7%. What is the bond’s price?

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Fundamentals Of Investing

ISBN: 9780135175217

14th Edition

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

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Question Posted: Sep 01, 2022 04:01 AM

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A zero-coupon ($1,000 par value) bond that matures in eight years has a promised yield of 7%.

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Fundamentals Of Investing

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