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Delicious77 [7]
3 years ago
10

What is the price of $100 face value of a ten-year, zero-coupon, risk-free bond with an ytm of 5%? $58.82

Mathematics
1 answer:
Mashutka [201]3 years ago
8 0
100=P(1+0.05)^10
P=100/(1.05)^10
P=61.39
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