A $ 1 , 0 0 0 par, zero coupon bond that matures in 3 years is currently trading at a yield to maturity of 3 What is the price of this bond today

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A $ 1 , 0 0 0 par, zero coupon bond that matures in 3 years is currently trading at a yield - to -

A $

1, 000

par, zero coupon bond that matures in

3

years is currently trading at a yield

-

-

maturity of

3 % .

What is the price of this bond today?

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