Question
17 years ago, Blue Lake Corp. issued 30 year to maturity zero-coupon bonds with a par value of $5,000. The current interest rate on this
17 years ago, Blue Lake Corp. issued 30 year to maturity zero-coupon bonds with a par value of $5,000. The current interest rate on this type of bond is 9.46 percent, compounded annually. What is the current price of the bond?
Round the answer to two decimal places.
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Countering Terrorist Finance A Training Handbook For Financial Services
Authors: Tim Parkman, Gill Peeling
1st Edition
0566087251, 978-0566087257
