Question
Black Water company just issued, zero-coupon bonds, with a par value of $1k. The bond has a maturity of 25 years and a yield to
Black Water company just issued, zero-coupon bonds, with a par value of $1k. The bond has a maturity of 25 years and a yield to maturity of 8.29%, compounded semiannually. what is the current price of the bond? Show work
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Fundamentals Of Corporate Finance
Authors: Richard A. Brealey, Marcus, Alan J, Myers, Stewart C.
2nd Edition
0070074860, 9780070074866
