Q55. A zero coupon bond with a par value of $1,000 is price at $651.38. the bond matures six years from today. Using semiannual compounding, the bond's yield to maturity is closest to; A. 6.90%. B. 7.02%. C. 7.27% D. 7.41%
答案和详解如下:
Q55. C Study session 16-70.e Present value=$651.38 Future value=$1,000 n=12 i=3.6368*2=7.27%
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