You find a zero coupon bond with a par value of $10,000 and 21 years to maturity.

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You find a zero coupon bond with a par value of $10,000 and 21 years to maturity. The yield to maturity on this bond is 4.3 percent. Assume semiannual compounding periods.

What is the price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Price

Related Book For answer-question

Corporate Finance Core Principles And Applications

ISBN: 9781260571127

6th Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

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Posted Date: Mar 05, 2024 11:30 PM

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You find a zero coupon bond with a par value of $10,000 and 21 years to maturity.

Question:

Expert Answer:

Heres how to calculate the price of the zerocoupon bond 1 Convert t... View the full answer

Corporate Finance Core Principles And Applications

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