What price should charge for bonds for given face value
The Bailey Brothers want to issue 20-year, zero coupon bonds thatyield 9 percent. What price should it charge for these bonds if theface value is $1,000?
a. $157.25
b. $163.70
c. $171.93
d. $194.49
e. $202.64
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The Bailey Brothers want to issue 20-year, zero coupon bonds thatyield 9 percent. What price should it charge for these bonds if the face value is $1,000?
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