Determine compounded annual interest rate on bond


Continuous Compounding

Response to the following problem:

A zero coupon bond that will pay €1,000 in 10 years is selling today at €422.41. What is the continuously compounded annual interest rate on the bond?

Provide step by step calculations.

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Financial Accounting: Determine compounded annual interest rate on bond
Reference No:- TGS02082116

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