Question: If you purchase a zero coupon bond today for $225 and it matures at $1,000 in 11 years, what rate of return will you earn
If you purchase a zero coupon bond today for $225 and it matures at $1,000 in 11 years, what rate of return will you earn on that bond (to the nearest 1/10 of 1 percent)?
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P 0 M1 k d n M PVIF kdn n 11 P 0 225 M 1000 225 1000PVIF kd... View full answer
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