Zero coupon bonds with a par value of $1,000,000 have a maturity of 10 years, and a required rate of return of 9 percent.
The current price is $422,400.
What do you understand by par value?
- The term stock market refers to the exchanges in which shares of publicly held companies are bought and sold. Such financial activities are conducted through formal exchanges and via over-the-counter (OTC) marketplaces that operate under a defined set of regulations.
- Both “stock market” and “stock exchange” refers to the same thing. Traders in the stock market buy or sell shares on one or more of the stock exchange.
- The leading U.S. stock exchanges include the New York Stock Exchange (NYSE) and the Nasdaq.
To learn more about stock market value, refer to:
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