Consider the case of a two - year discount bond - that is , a bond that
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Question:
Consider the case of a twoyear discount bondthat is a bond that pays no coupon and pays its face value after two years rather than one year. Suppose the face value of the bond is $ and the price is $ What is the bond's yield to maturity?
The bond's yield to maturity is Round your response to two decimal places.
Related Book For
Linear Algebra And Its Applications
ISBN: 9781292351216
6th Global Edition
Authors: David Lay, Steven Lay, Judi McDonald
Posted Date: