Karen wants to buy a 10-year aaa-rated 1000 par value, Ask an Expert

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Karen wants to buy a 10-year, AAA-rated, $1,000 par value, zero-coupon bond being sold by Downsize Industries, Inc. The yield to maturity on similar bonds is estimated to be 5.8%. How much would he have to pay for the bond (interest is compounded semi-annually)? Use financial calculator.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92081548

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