Multiple Choice
Zero-coupon bonds were issued in 2005.If their implied yield to maturity is 5%,and the bonds will mature in 20 years,at what discount from the face value will they sell?
A) 10%
B) 25.42%
C) 37.68%
D) cannot be determined, need more information
Correct Answer:
Verified
Correct Answer:
Verified
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