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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 49
As the name implies, a zero-coupon bond pays no dividend, only the face value when it matures. If a zero coupon bond that has a face value of $10,000 and a maturity date of 15 years is for sale for $2000, what rate of return will the purchaser make, provided the bond is held to maturity
Explanation
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The formula for bond dividend or interes...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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