You invest in a 55 month $5,163 zero-coupon corporate bond at a simple discount rate of 9.73 per year. Determine the price of the bond and the true interest rate on the bond. a. The price of the bond is $ (Round to 2 decimal places) b. The true interest rate of the bond is x (Round to 4 decimal places X.XXXK) Question Help: Written Example
You invest in a 55 month $5,163 zero-coupon corporate bond at a simple discount rate of 9.73 per year. Determine the price of the bond and the true interest rate on the bond. a. The price of the bond is $ (Round to 2 decimal places) b. The true interest rate of the bond is x (Round to 4 decimal places X.XXXK) Question Help: Written Example
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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