Valuing a Zero-Coupon Bond
Assume that you require a 14 percent return on a zero-coupon bond with a par value of $1,000 and six years to maturity. What is the price you should be willing to pay for this bond?
Valuing a Zero-Coupon Bond
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Valuing a Zero-Coupon Bond
Assume that you require a 14 percent return on a zero-coupon bond with a par value of $1,000 and six years to maturity. What is the price you should be willing to pay for this bond?
Valuing a Zero-Coupon Bond