What is the difference in the values of a zero coupon bond that has 11 years to maturity and a 6% APR coupon bond that has 8 years to maturity? Use $1000 par, 5% YTM and semiannual analysis for both. Your answer in dollars to two decimals without the $ sign.

Answer rating: 100% (QA)

To calculate the difference in the values of the two bonds we can use the present value formula for ... View the full answer