The value of a 12-year zero-coupon bond with a face value of $1,000 and a market yield of 4.5 percent is closest to:
A) $225.00
B) $450.00
C) $586.25
D) $589.66
E) $1,000.00
Correct Answer:
Verified
Q18: The bond quote of a 5-year, 8
Q19: Which of the following is not true
Q20: The bond quote of a 5-year, 8
Q21: The bond quote of a 15-year, 7
Q22: Consider bonds A, B, C, and D,
Q24: The value of a 20-year zero coupon
Q25: Which factors lead to higher interest rate
Q26: The Issuer Corporation issued a 20-year bond
Q27: Which of the following choices would not
Q28: Which of the following is incorrect?
A) Yield
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