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What is the price you should be willing to pay for the bond

Question:

Assume that you require a 14 percent return on a zero-coupon bond with a par value of $1,000 and six years to maturity. What is the price you should be willing to pay for this bond?

Please explain as simply as possible so that I may understand better.

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Finance Basics: What is the price you should be willing to pay for the bond

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Finance Basics: What is the price you should be willing to pay for the bond

Reference No:- TGS02056341

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