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Question

Work the following applied problem.

Which of these 20-year zero-coupon bonds will be worth more at maturity: one that sells for $4510, with a 6.1% interest rate, or one that sells for$5809, with a 4.8% interest rate?

Solution

VerifiedAnswered 1 year ago

Answered 1 year ago

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1 of 5**Given:** one that sells for $\$4510$, with a $6.1\%$ interest rate, or one that sells for $\$5809$, with a $4.8\%$ interest rate.

**Find** which of these $20$-year zero-coupon bonds will be worth more at maturity.

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