Question: A 15-year zero coupon $1,000 Par Value bond is available for purchase today. Similar bonds have YTM = 8.0%. What will be the price of

A 15-year zero coupon $1,000 Par Value bond is available for purchase today. Similar bonds have YTM = 8.0%. What will be the price of this bod today?

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solution To calculate the price of the bond we can use the present value formula PV FV 1 rn Where P... View full answer

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