CHAPTER 17 PROBLEM 2

FINANCE  Investment Analysis and Portfolio Management CHAPTER 17 PROBLEM  2
 What   would   be   the   initial   offering   price   for   the   following   bonds   (assume   semiannual   compounding)  :     
 a. A 15-year zero coupon bond with a yield to maturity (YTM) of 12 percent.  
 b. A 20-year zero coupon bond with a YTM of 10 percent. 

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