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| rev | Admin | (Created page with "Kyle can buy a zero-coupon bond that will pay $1,600 at the end of 17 years and it is currently selling for 1,050. Instead he purchases a 8% bond with coupons payable quarterly that will pay $1,600 at the end of 13 years. If he pays x he will earn the same annual effective interest rate as the zero coupon bond. Calculate x. <ul class="mw-excansopts"><li>$2,577.94</li><li>$1,418.33</li><li>$1,600.00</li><li>$2,580.80</li><li>$2,593.23</li></ul> {{cite web |url=https:/...") | Nov 22'23 at 9:45 | +713 |