Question
21 years ago Mini Max Inc. issued 30 year to maturity zero coupon bonds with a par value of $1000. Now the bond has a
21 years ago Mini Max Inc. issued 30 year to maturity zero coupon bonds with a par value of $1000. Now the bond has a yield of 11.61%, comounded semi annually. What is the current price of the bond? Round to the nearest two decimal place.
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Free Dollar For College For Dummies
Authors: David Rosen, Caryn Mladen
1st Edition
0764554670, 978-0764554674
