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Zero-coupon
bond.
Wesley Company will issue a zero-coupon bond
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this coming month. The projected bond yield
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is
10%.
If the par value
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is
$5,000,
what is the bond's price using a
semiannual
convention ifa. the maturity
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is
20
years?b. the maturity is
40
years?c. the maturity is
70
years?d. the maturity is
100
years?
a. What is the price of the bond using a
semiannual
convention if the maturity is
20
years?
$nothing
(Round to the nearest cent.)
Answer & Explanation
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