Question
19 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
19 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 6.06 percent, compounded annually. What is the current price of the bond?
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The Total Inventors Manual
Authors: Sean Michael Ragan
1st Edition
1681881586, 978-1681881584
