Question: You find a zero coupon bond with a par value of $10,000 and 20 years to maturity. The yield to maturity on this bond is
You find a zero coupon bond with a par value of $10,000 and 20 years to maturity. The yield to maturity on this bond is 4.2%. Assume semiannual compounding periods. What is the price of the bond? Please use excel and explain the answer.
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