A 5-year zero-coupon bond was issued with a $1,000 par value to yield 8%. What is the approximate market value of the bond? Use time value of money table in Appendix B.
A) $597
B) $681
C) $275
D) $482
Correct Answer:
Verified
Q63: The longer the time to maturity
A) the
Q64: If the inflation premium for a bond
Q65: Which of the following is not one
Q66: Which of the following does NOT influence
Q67: A 20-year bond pays 6% annually on
Q69: Which of the following is not considered
Q70: A higher interest rate (discount rate) would
A)
Q71: An increase in the riskiness of a
Q72: If the yield to maturity on a
Q73: A bond pays 7% annual interest in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents