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Title: The price of a five-year, zero-coupon, default-free security with a face value of $1000 is closest ... Post by: johnpaech on Nov 19, 2017 The price of a five-year, zero-coupon, default-free security with a face value of $1000 is closest to:
A) $754 B) $772 C) $776 D) $791 Title: Re: The price of a five-year, zero-coupon, default-free security with a face value of $1000 is ... Post by: anicid on Nov 19, 2017 D
Explanation: D) FV = 1000 PMT = 0 N = 5 I = 4.8 Compute PV = 791.03 |