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Homework answers / question archive / Suppose you purchase a zero-coupon bond with a face value of $1,000, maturing in 18 years, for $455

Suppose you purchase a zero-coupon bond with a face value of $1,000, maturing in 18 years, for $455

Finance

Suppose you purchase a zero-coupon bond with a face value of $1,000, maturing in 18 years, for $455. If the yield to maturity on the bond remains unchanged, what will be the price of the bond 5 years from now?

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