If the yield to maturity on this bond is 56 percent what is


You find a zero coupon bond with a par value of $5,000 and 18 years to maturity.

If the yield to maturity on this bond is 5.6 percent, what is the price of the bond? Assume semiannual compounding periods.

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Financial Management: If the yield to maturity on this bond is 56 percent what is
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