Find the price of a zero coupon bond maturing in 9 years if the market interest rate

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Find the price of a zero coupon bond maturing in 9 years if the market interest rate is 8 percent. Assume semiannual interest payments and a par value of $1,000. (Round your answer to 2 decimal places.)

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Jun 26, 2023 12:38 AM

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Find the price of a zero coupon bond maturing in 9 years if the market interest rate

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Expert Answer:

To find the price of a zerocoupon bond you can use the formula Price Par Value 1 Market ... View the full answer

Income Tax Fundamentals 2013

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