You are considering investing in a zero-coupon bond that sells for Rs300. At maturity in 12...
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You are considering investing in a zero-coupon bond that sells for Rs300. At maturity in 12 years it will be redeemed for Rs1,000. What approximate annual rate of return does this represent? You are considering investing in a zero-coupon bond that sells for Rs300. At maturity in 12 years it will be redeemed for Rs1,000. What approximate annual rate of return does this represent?
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The approximate annual rate of return on this zerocoupon bond is 82 Explanation The rate of ret... View the full answer
Related Book For
Contemporary Financial Management
ISBN: 9780324289114
10th Edition
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
Posted Date:
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