A 2-year 1000 par zero-coupon bond is currently priced at


A 2-year $1,000 par zero-coupon bond is currently priced at $819.00. A 2-year $1,000 annuity is currently priced at $1,712.52. If you want to invest $10,000 in one of the two securities, which is a better buy?

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Financial Management: A 2-year 1000 par zero-coupon bond is currently priced at
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