CORPORATE FINANCE - CONNECT ACCESS
CORPORATE FINANCE - CONNECT ACCESS
12th Edition
ISBN: 9781264054893
Author: Ross
Publisher: MCG
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Chapter 10, Problem 13QAP
Summary Introduction

Adequate information:

The purchase price of a zero coupon bond is $273.82 (1 year ago).

The market rate is 6.4%.

Maturity was 21 years when the bond was purchased.

To calculate: The total returns on bonds for the past year.

Introduction: Bonds refer to the type of security which is given to investors who are ready to lend their money for a certain period of time at offered interest rates.

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CORPORATE FINANCE - CONNECT ACCESS

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