Question
3 years ago Maxi Min INC issued 30 year to maturity zero coupon bonds with a par value of $1000. Now the bond has a
3 years ago Maxi Min INC issued 30 year to maturity zero coupon bonds with a par value of $1000. Now the bond has a yield to maturity of 9.21 percent compounded semi annually. What is the current price of the bond? Round the answer ro two decimal places.
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Pricing And Liquidity Of Complex And Structured Derivatives
Authors: Mathias Schmidt
1st Edition
3319459694, 978-3319459691
