1.What would be the initial offering price for the following bonds (assume semiannual compounding): ...
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1.What would be the initial offering price for the following bonds (assume semiannual compounding):
a. A 15-year zero-coupon bond with a yield to maturity (YTM) of 12 percent?
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b. A20-year zero-coupon bond with a YTM of 10 percent?
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