Assume the following information for existing zero-coupon bonds: Par value = $100,000 Maturity = 3 years Required

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Assume the following information for existing zero-coupon bonds:
Par value = $100,000
Maturity = 3 years
Required rate of return by investors = 12%
How much should investors be willing to pay for these bonds?

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Financial Markets and Institutions

ISBN: 978-1337099745

12th edition

Authors: Jeff Madura

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Question Posted: Oct 31, 2017 07:51 AM

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Assume the following information for existing zero-coupon bonds: Par value = $100,000 Maturity = 3 years Required

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Financial Markets and Institutions

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