Question
Black Water Corp. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 23 years and a yield to
Black Water Corp. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 23 years and a yield to maturity of 8.28 percent, compounded annually. What is the current price of the bond?
Round the answer to two decimal places.
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International Financial Reporting Standards An Introduction
Authors: Belverd E. Needles, Marian Powers
3rd Edition
1133187943, 978-1133187943
