macy's is planning a store expansion by issuing 10-year zero coupon bond that makes semi-annual...
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macy's is planning a store expansion by issuing 10-year zero coupon bond that makes semi-annual coupon payments at a rate of 5.875% with a face value of $1,000. Assuming semi-annual compounding, what will be the price of these bonds, if the appropriate yield to maturity (discount rate) is 14%? PV= ? i/y= ? n=? PMT=? FV=?
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