What is the current yield on a zero coupon bond with a remaining life of 12 years, a yield to maturity of 9.9%, and a par value of $1000? (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34 and state as an annual rate.) Answer:
What is the current yield on a zero coupon bond with a remaining life of 12 years, a yield to maturity of 9.9%, and a par value of $1000? (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34 and state as an annual rate.) Answer:
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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Transcribed Image Text:What is the current yield on a zero coupon bond with a remaining life of 12 years, a yield to
maturity of 9.9%, and a par value of $1000? (Round to 100th of a percent and enter as a
percentage, e.g. 12.34% as 12.34 and state as an annual rate.)
Answer:
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