If these bonds have a face value of 1000 and are currently


Adrienne Dawson is planning to buy 10-year zero coupon bonds issued by the U.S. Treasury. If these bonds have a face value of $1,000 and are currently selling at $408.74, what is the expected return on them? Assume that interest compounds semiannually on similar coupon paying bonds.

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Financial Management: If these bonds have a face value of 1000 and are currently
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