Answered: A risk-free, zero-coupon bond with a…

A risk-free, zero-coupon bond with a face value of $1,000 is traded at $359.49. If the YTM is 10.0%, how many years does it have to maturity? 10 years 11 years 12 years 13 years

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

A risk-free, zero-coupon bond with a face value of
$1,000 is traded at $359.49. If the YTM is 10.0%,
how many years does it have to maturity?
10 years
11 years
12 years
13 years

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