Business, 26.08.2019 21:30, ImCoolJenny

Azero-coupon bond is a security that pays no interest, and is therefore bought at a substantial discount from its face value. if the interest rate is 5% with annual compounding how much would you pay today for a zero-coupon bond with a face value of $1,200 that matures in 9 years?

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Azero-coupon bond is a security that pays no interest, and is therefore bought at a substantial disc...