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Cyberdyne Systems is issuing a series of zero coupon bonds to raise $500M to fund research and development at its Skynet division Each bond will have a face value of $1000 and will mature in

Cyberdyne Systems is issuing a series of zero coupon bonds to raise? $500M to fund research and development at its Skynet division. Each bond will have a face value of ?$1,000 and will mature in 24 years. The yield on the bond is 5?%. What is the fair price for one of? Cyberdyne's zero coupon? bonds? The fair price for one of? Cyberdyne's zero coupon bonds is ?$ nothing. ?(Round to the nearest? cent.)

 

Apr 09 2020 View more View Less

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