Business, 13.09.2019 04:30 Bwinig2021
You paid $713 last year for a zero-coupon bond that promised to pay you $1,000 at the end of 5 years. rather than hold it for the remaining four years, you have decided to sell it today. the prevailing effective annual interest rate is 9%. to the nearest dollar, what price do you expect to get for your bond?
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You paid $713 last year for a zero-coupon bond that promised to pay you $1,000 at the end of 5 years...
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