Suppose a friend of yours purchases a zero-coupon bond for Rs214.55 with a face value of Rs1,000
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Question:
Suppose a friend of yours purchases a zero-coupon bond for Rs214.55 with a face value of Rs1,000 maturing in twenty years. If the yield to maturity (YTM) on the bond remains
unchanged, what will the price of the bond be at the end of five years from now?
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