Assuming annual compounding what would jill be prepared to


Jill wants to buy 8-year zero coupon bonds with a face value of $1,000. Her required return on the bonds is 7.6 percent p.a. Assuming annual compounding, what would Jill be prepared to pay for the bond? ( to the nearest cent )

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Finance Basics: Assuming annual compounding what would jill be prepared to
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