Calculate the Price of a Zero Coupon Bond That Has

question 123

Essay

Calculate the price of a zero coupon bond that has an interest rate of 6.65% (.0665), a face value of $100.00 and six-months to maturity.

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Definitions:

Chattel

An item of personal property that is movable, as opposed to real estate or real property.

Tangible Personal Property

Physical items owned by individuals or businesses, excluding real estate and intangible assets.

Intellectual Property

Legal rights that result from intellectual activity in the industrial, scientific, literary, and artistic fields.

Land Registration

The process of recording the ownership, possession, and other rights of land into an official register to ensure legal certainty and protect property rights.