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Business, 09.12.2020 21:20 malaysiasc93

A zero coupon bond pays no interest-only it face value of $1,000 at maturity. One such bond has a maturity of 18 years and an initial price of $130. What annual interest rate is earned if the bond is bought when issued and held to maturity?

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A zero coupon bond pays no interest-only it face value of $1,000 at maturity. One such bond has a ma...
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