chanellhuntley9168 chanellhuntley9168
  • 19-02-2020
  • Business
contestada

What is the value of a 20-year, zero-coupon bond with a face value of $1,000 when the market required rate of return is 9.6 percent, compounded semiannually?

Respuesta :

kaympoey08
kaympoey08 kaympoey08
  • 20-02-2020

Answer:

The answer is $153.30

Explanation:

Value= M / (1 + i)^n  = 1000/[ (1+(0.096/2))^40] = $153.30

Value is $153.30

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