A zero coupon bond that will pay $1,000 over 10 years is selling today for $422.41. What
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A zero coupon bond that will pay $1,000 over 10 years is selling today for $422.41. What interest rate does the bond offer? (Do not round intermediate calculations. Enter your answer as a full percentage.)
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1260566093
10th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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