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Business, 06.11.2020 16:20 paulawells11

Highland Corp., a U. S. company, has a five-year bond whose yield to maturity is 6.5 percent. The bond has no coupon payments. What is the price of this zero coupon bond? (Assume semi-annual compounding for these zero-coupon bonds.) $890.45 $725.27 $1,113.23 $927.83

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