Question
A 17-year zero-coupon bond was issued with a $1,000 par value to yield 11%. What is the approximate market value of the bond? (Round PV
A 17-year zero-coupon bond was issued with a $1,000 par value to yield 11%. What is the approximate market value of the bond?
(Round "PV Factor" to 3 decimal places and final answer to the nearest dollar amount.)
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The market value of a 17year zerocoupon bond with a 1000 par value and an 11 ...
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
