A zero-coupon ($1,000 par value) bond that matures in eight years has a promised yield of 7%.
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A zero-coupon ($1,000 par value) bond that matures in eight years has a promised yield of 7%. What is the bond’s price?
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Fundamentals Of Investing
ISBN: 9780135175217
14th Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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