What is the price of the bond 3 at the end of the first
Consider the following three zero-coupon bonds:
Bond Face Value Time to Maturity (Years) Market Price
1 $1,000 1 $940.00
2 $1,000 2 $820.00
3 $1,000 3 $768.00
What is the price of the bond 3 at the end of the first year?
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