Consider the following $1,000-par-value, 4-year, zero-coupon bond. It is selling at $535.52 . By convention,...
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Consider the following $1,000-par-value, 4-year, zero-coupon bond. It is selling at $535.52 . By convention, zero bonds are assumed to pay $0 semi-annually. The yield to maturity on the bond is a. 10.71%. b. 11.00%. c. None of the options are correct. d. 11.66%. e. 16.24%
Consider the following $1,000-par-value, 4-year, zero-coupon bond. It is selling at $535.52 . By convention, zero bonds are assumed to pay $0 semi-annually. The yield to maturity on the bond is
a. 10.71%. | ||
b. 11.00%. | ||
c. None of the options are correct. | ||
d. 11.66%. | ||
e. 16.24% |
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