How different is the price if you assume annual compounding, Financial Management

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How different is the price if you assume annual compounding

Calculate the price of a zero coupon bond with yield to maturity of 8.75%, a face value of $1000, and maturing in 5 years. Assume daily compounding (365 days per year). How different is the price if you assume annual compounding? Which is more expensive? Why?

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Financial Management: How different is the price if you assume annual compounding

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Financial Management: How different is the price if you assume annual compounding

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