What is the dollar price of a zero coupon bond with 17 years to maturity, semiannual compounding,
Question:
What is the dollar price of a zero coupon bond with 17 years to maturity, semiannual compounding, and a par value of $1,000, if the YTM is
a. 4 percent
b. 10 percent
c. 14 percent
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... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...
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The price of a pure discount zero coupon bond is the present va...View the full answer
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Related Book For 
Corporate Finance Core Principles and Applications
ISBN: 978-1259289903
5th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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