Price of bond = Future cash flow / ( 1 + 9.23%)^years
415.10 = 1000/(1+9.23%)^ n
= (1+9.23%)^n = 1000/415.10
= (1.0923)^n = 2.4091
= n = 9.96 years
the zero coupon bonds of a company have a market price of $415.10, a face value...
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