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04-04-2020
Business

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1 5.8 % 2 6.4 % 3 7.1 % 4 7.3 % 5 7.4 % What should the purchase price of a 2-year zero-coupon bond be if it is purchased at the beginning of year 2 and has face value of $1,000?

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05-04-2020

Answer:

$877.54 ( $1,000/[(1.064)(1.071))

Explanation:

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