What is the value of zero-coupon bond with a par value of $1,000 and a yield to maturity of 5.08%? The bond has 12 years to maturity. SET YOUR CALCULATOR TO 4 DECIMAL PLACES THEN ROUND YOUR ANSWER TO 2 DECIMALS i.e. if your answer is 1.2455, enter it as 1.25.
What is the value of zero-coupon bond with a par value of $1,000 and a yield to maturity of 5.08%? The bond has 12 years to maturity. SET YOUR CALCULATOR TO 4 DECIMAL PLACES THEN ROUND YOUR ANSWER TO 2 DECIMALS i.e. if your answer is 1.2455, enter it as 1.25.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:What is the value of zero-coupon bond with a par value of $1,000 and a yield to
maturity of 5.08%? The bond has 12 years to maturity. SET YOUR CALCULATOR TO
4 DECIMAL PLACES THEN ROUND YOUR ANSWER TO 2 DECIMALS i.e. if your
answer is 1.2455, enter it as 1.25.
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