Calculate the price of a zero coupon bond that matures in 20 years if the market interest

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Calculate the price of a zero coupon bond that matures in 20 years if the market interest rate is 3.8 percent.

Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...
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Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

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