Diane is interested in buying a five-year zero coupon bond
Diane is interested in buying a five-year zero coupon bond with a face value is $1,000. She understands that the market interest rate for similar investments is 9 percent. Assume annual coupon payments. What is the current value of this bond?
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the following is a list of prices for zero-coupon bonds with different maturities and par value of 10001
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