Maurice Tutor

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Category > Management Posted 12 Nov 2017 My Price 2.00

zero-coupon bond

Rhett purchased a 13%, zero-coupon bond with a 15-year maturity and a $20,000 par value 15 years ago. The bond matures tomorrow. How much will Rhett receive in total from this investment, assuming all payments were made on these bonds as expected?

 

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Maurice Tutor
(5)
Status NEW Posted 12 Nov 2017 12:11 PM My Price 2.00

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