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Diane Carter is interested in buying a five year zero coupon bond with a face value of $1000 She understands that the market interest rate for similar investments is 762 percent Assume annual

Diane Carter is interested in buying a five-year zero coupon bond with a face value of $1,000. She understands that the market interest rate for similar investments is 7.62 percent. Assume annual coupon payments. what is the current value of this bond? (Round answer to 2 decimal places, e.g. 15.25.)

 

May 29 2020 View more View Less

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