Addison Company will issue a zero coupon bond this coming month. The projected yield for the bond

Question:

Addison Company will issue a zero bond this coming month. The projected yield for the bond is 7%. If the of the bond is $1,000, what is the price of the bond using a semiannual convention if
a. The is 20 years?
b. The is 30 years?
c. The is 50 years?
d. The is 100 years?

Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...