Question
18 YEARS AGO, MINI MAX INC ISSUED A 30 YEAR TO MATURITY ZERO COUPON BOND WITH A PAR VALUE OF 1000. NOW THE BOND HAS
18 YEARS AGO, MINI MAX INC ISSUED A 30 YEAR TO MATURITY ZERO COUPON BOND WITH A PAR VALUE OF 1000. NOW THE BOND HAS A YIELD TO MATURITY OF 7.25 PERCENT CCOMPOUNDED SEMI ANNUALLY. WHAT IS THE CURRENT PRICE OF THE BOND?
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Microeconomics: An Intuitive Approach With Calculus
Authors: Thomas Nechyba
2nd Edition
1305650468, 978-1305650466
