Mickey and Minnie just bought a zero coupon bond for $521.88, but they cannot recall when...
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Mickey and Minnie just bought a zero coupon bond for $521.88, but they cannot recall when it matures. The yield to maturity equals 13.7%. Can you help Mickey and Minnie? The bond's face value is $1000. (Assume annual discounting) (Enter your answer in years and round to 2 decimal places.) Answer: Mickey and Minnie just bought a zero coupon bond for $521.88, but they cannot recall when it matures. The yield to maturity equals 13.7%. Can you help Mickey and Minnie? The bond's face value is $1000. (Assume annual discounting) (Enter your answer in years and round to 2 decimal places.) Answer:
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Finding the Maturity Date of Mickey and Minnies Bond To find the maturity ... View the full answer
Related Book For
Introduction To Corporate Finance
ISBN: 9781118300763
3rd Edition
Authors: Laurence Booth, Sean Cleary
Posted Date:
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