If an investors required return is 12 percent, the value of a 10-year-maturity zero coupon bond with
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If an investor’s required return is 12 percent, the value of a 10-year-maturity zero coupon bond with a maturity value of $1,000 is closest to:
a. $312
b. $688
c. $1,000
d. $1,312.
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Related Book For
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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