A 17-year zero-coupon bond was issued with a $1,000 par value to yield 11%. What is the

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A 17-year zero-coupon bond was issued with a $1,000 par value to yield 11%. What is the approximate market value of the bond?

(Round "PV Factor" to 3 decimal places and final answer to the nearest dollar amount.)

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Posted Date: May 26, 2023 01:30 AM

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A 17-year zero-coupon bond was issued with a $1,000 par value to yield 11%. What is the

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The market value of a 17year zerocoupon bond with a 1000 par value and an 11 ... View the full answer

Contemporary Business Mathematics with Canadian Applications

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