Highland Corp a U S company, has a five year bond whose yield to maturity is 6 5 percent The bond has no coupon payments What is the price of this zero coupon bond ...

You have the following information YTM 65 N ...

Highland Corp. a U.S. company, has a five-year bond whose yield to maturity is 6.5 percent. The

Question:

Highland Corp. a U.S. company, has a five-year bond whose yield to is 6.5 percent. The bond has no payments. What is the price of this zero bond?
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...