What is the value of a zerocoupon bond that matures in 20 years, has a maturity of

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What is the value of a zero‐coupon bond that matures in 20 years, has a maturity of $1 million, and is selling to yield 7.6 percent?

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Investments Analysis And Management

ISBN: 9781118975589

13th Edition

Authors: Charles P. Jones, Gerald R. Jensen

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