Mickey and Minnie just bought a zero coupon bond for $427.92, but they cannot recall when it

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Mickey and Minnie just bought a zero coupon bond for $427.92, but they cannot recall when it matures.The yield to maturity equals 13.9%.Can you help Mickey and Minnie?The bond's face value is $1000.(Assume annual discounting)

Posted Date: May 19, 2024 04:13 PM

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Mickey and Minnie just bought a zero coupon bond for $427.92, but they cannot recall when it

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