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You are purchasing a 20-year, zero - coupon bond. The yield to maturity is 12.78 percent and the face value is $1,000. What is the current market price? You are purchasing a 20-year, zero - coupon bond. The yield to maturity is 12.78 percent and the face value is $1,000. What is the current market price? $221.5 $83.94 $ 179.33 $182.8 $228.47

You are purchasing a 20-year, zero - coupon bond. The yield to maturity is 12.78 percent and the face value is $1,000. What is the current market price? You are purchasing a 20-year, zero - coupon bond. The yield to maturity is 12.78 percent and the face value is $1,000. What is the current market price? $221.5 $83.94 $ 179.33 $182.8 $228.47

Essentials Of Investments
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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You are purchasing a 20-year, zero - coupon bond. The yield to maturity is 12.78 percent and the face value is $1,000. What is the current market price? You are purchasing a 20-year, zero - coupon bond. The yield to maturity is 12.78 percent and the face value is $1,000. What is the current market price? $221.5 $83.94 $ 179.33 $182.8 $228.47
Transcribed Image Text:You are purchasing a 20-year, zero - coupon bond. The yield to maturity is 12.78 percent and the face value is $1,000. What is the current market price? You are purchasing a 20-year, zero - coupon bond. The yield to maturity is 12.78 percent and the face value is $1,000. What is the current market price? $221.5 $83.94 $ 179.33 $182.8 $228.47
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