Question
Black Water Corp. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 26 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 26 years and a yield to maturity of 7.44 percent, compounded annually. What is the current price of the bond?
Round the answer to two decimal places.
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The Basics Of Public Budgeting And Financial Management
Authors: Charles E. Menifield
4th Edition
0761872116, 978-0761872115
