Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:The current zero-coupon yield curve for risk-free bonds is as follows: . What is the price per $100 face value of a four-year, zero-coupon, risk-free bond?
Data table
(Click on the following icon in order to copy its contents into a spreadsheet.)
Maturity (years)
YTM
1
2
3
4
5
4.98%
5.49%
5.73%
5.96%
6.09%
Print
Done
The price per $100 face value of the four-year, zero-coupon, risk-free bond is $
(Round to the nearest cent.)
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