Cheong fun has just purchased a rm1000 par value, zero coupon bond with 20 years remaining until
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Question:
Cheong fun has just purchased a rm1000 par value, zero coupon bond with 20 years remaining until maturity for rm311.80. if he decides to hold this bond until maturity, what is the expected rate of return of his investment in this bond?
Expert Answer:
To calculate the expected rate of return on a zero coupon bond we need to use th... View the full answer
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