Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a zero coupon bond with a face value of $1,000 is

A zero coupon bond with a face value of $1,000 Is Issued with an Initial...

90.2K

Verified Solution

Question

Accounting

image

A zero coupon bond with a face value of $1,000 Is Issued with an Initial price of $445.50. The bond matures in 16 years. What is the implicit Interest, in dollars, for the first year of the bond's life? Use semiannual C. $13.87 O$23.09 O$6.94 O $11.55 O $12.43

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students