Question: Assuming semiannual compounding, what is the price…?
| Assuming semiannual compounding, what is the price of a zero coupon bond with 21 years to maturity paying $1,000 at maturity if the YTM is (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.): |
| Price of the Bond | ||
| a. | 6 percent | $ |
| b. | 9 percent | $ |
| c. | 12 percent | $ |
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