Question: 10.00 points Problem 6-15 Zero Coupon Bonds [LO 2] You find a zero coupon bond with a par value of $10,000 and 19 years to
10.00 points Problem 6-15 Zero Coupon Bonds [LO 2] You find a zero coupon bond with a par value of $10,000 and 19 years to maturity. The yield to maturity on this bond is 4.1 percent. Assume semiannual compounding What is the price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g, 32.16.) Price References eBook & Resources Worksheet Difficulity: 1 Basic Section: 8.4 Some Different Types of Bonds Problem 6-15 Zero Coupon Bonds [Lo 2 Leaming Objective: 06-02 Describe bond values and why they fluctuate. 0 Type here to search 929 PM 3/19/201 B& 7 8
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